Space is a special category of VC investment in the best of times — and the COVID-19 pandemic is not the best of times.
Still, investors focused on and familiar with space see a lot of opportunity in the market, regardless of any prevailing global economic difficulties. One big reason why is that regardless of how tight pursestrings get tied, space still represents a significant — and growing — source of government and defense spending. It’s also the source of some of the most important technological development since the advent of the internet, including the satellite-based Global Positioning System (GPS), which has revolutionized any number of businesses and industries.
That’s unlikely to be an exception in terms of the potential commercial impact of space —