Milan, 5th of July 2023 – Like last year, the SpaceWatch.Global Newsroom has gathered together to analyse the Financial Time Investing In Space 2023 Summit, held in London on the 5th and 6th of June 2023.
The second Summit kept the format of the inaugural one, with a mixed audience of venture capitalists, space experts, space industrials, and agency representatives. We observed a few leitmotifs seen during the first edition, like the importance every year some speaker gives to find a better name for the Space industry (last year was “domain”, this year was “market”), or the clash between the financial and space sector when it comes to certain topics (last year was sustainability, this year was the real value of the Space sector from an investor’s perspective).
There were also a few new entries, like circular dialogues (effectively round tables discussions where the audience and the speakers could chat freely about an assigned topic), cutting-edge case studies from different sectors, like automotive, mining, and pharmaceutical (particularly interesting in this regard was the intervention of Paul Reichert, Associate Principal Scientist at Merck Research Labs), an important fireside chat between FT Editor Peggy Hollinger and Chad Anderson (Space Capital), and a dialogue on space-based energy with Martin Soltau, Co-CEO Space Solar.
Overall, the FT summit confirms itself as a very well-tailored financial conference that is meant to bring Space to the attention of non-space investors. Sometimes, from a space perspective, it misses a bit of background research and interaction with space scientists and agencies, however discussing space with space experts only is not the final goal of the Summit.
Our FT special is a series of in-depth articles discussing the topics raised during the 2023 summit. While they provide some summaries and details about the conference, they aim at expanding the context of the conference and inserting it into the broader discussion occurring within the Space domain on relevant issues and ongoing debates.
The Financial Times Investing In Space Summit took place in person and online on 05-06 June 2023, under the motto “Balancing optimism with realism”. Indeed it was the first significant space investment and financing conference to take place after the rise of interest rates by the US FED, together with other macro headwinds, such as conflict-driven economic deterioration. This thorough and intensive FT conference did a fairly good job of articulating trends and putting the spotlight on both mainstream markets (launchers, constellations) and emerging space activities, Moon included.
The Financial Times Investing In Space Summit took place in person and online on 05-06 June 2023, under the motto “Balancing optimism with realism”. In Part 1 we covered the state of the space market and its investment value. We also looked at why the future for UK space looks bright, and how different countries can have differentiated space investment and capacity-building strategies. In Part 2, we will look at more stories behind the numbers, bold visions, disruptions, opportunities, emerging markets such as space-based solar power as potential remediation to climate issues, space resource utilization, and Moon mining, and even alternative modes of access to space. Readers who missed this event are encouraged to check out the Video-On-Demand.
#SpaceWatchGL Opinion: FT Live Investing In Space 2023 – Ten things that will happen in Space by 2030
On the 5th and 6th of June 2023, the Financial Time’s held its second Investing In Space conference. Similarly to last year, it was held in a hybrid form. The first day online, the second day live from London. Titled “Balancing Optimism with Realism”, the two-day summit hosted a selection of investors, innovators, government, and end-users for analyses of the opportunities of space.