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The Global Commercial Space Economy Presented by Carissa Christensen, CEO, Bryce Space and Technology
SpaceCom 2017 Houston, December 5, 2017
2016 Global Space Economy
2016 Satellite Industry Indicators
Global satellite industry grew 2% in 2016, below worldwide economic growth (3.1%) and slightly above the U.S. growth (1.6%)
6% 18%* 10% 7% 3% Growth Rate 5%
Global Satellite Industry Revenues ($ Billions) $
Bill
ions
2X
Ten-Year Global Industry
Growth
15% 19% 11% 2%
$122 $144 $161 $168 $177 $210 $231 $247 $255 $261
$0
$50
$100
$150
$200
$250
$300
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Risk-tolerant Investment in New Ventures
• Space attracting increased investment from Silicon Valley, world-wide
• Start-Up Space analyzes 21st century space investment trends
• Focus: investors, investment in new companies with private financing
Magnitude of Investments by Type and Period
Common Investments Among VCs
Space Unicorns
• SpaceX has joined an elite group of companies, called “unicorns,” which are private companies with a valuation of $1 billion or more
– SpaceX now valued at $27B – Fourth most valuable privately
held company in America – Planet became the second with
a valuation of $1.1B this year
Relative Sizes of Earth Observation Satellites
Landsat Data Continuity Mission (LDCM) NASA
Dove Planet
WoldView-3 DigitalGlobe
Number of Launches and Very Small Satellites
0
2
4
6
8
10
12
14
16
18
0
50
100
150
200
250
300
2012 2013 2014 2015 2016 2017*
Num
ber o
f Lau
nche
s
Num
ber o
f Sat
ellit
es L
aunc
hed
Year
FemtoPicoNanoMicroMiniNumber of Launches
*Launched to date as of 8/17
Smallsat Remote Sensing Ventures Sell Analytics
• Focused on new markets for analytics • Enabled by computing power and
machine learning • Potential applications to many industries • Customer base still in early stages • Growing government interest
New NGSO Telecom Ventures
Characteristics of the Start-Up Space Supply Chain
• Vertical integration • Manufacturer-operators • Maker and small team innovation • Leveraging COTS • Warehousing • Reusability • Additive manufacturing
Commercial Human Spaceflight: Billionaires & Buzz
Driven by Dreams of Living and Working in Space
Market Dynamics, Commercial Human Spaceflight
• Proposed systems largely viewed as technically credible • Mix of business experience, from global entrepreneurial superstars to technologists • Meaningful investment with potential for more • Business case not proven; uncertain demand and revenue potential
• Analysis, ticket sales, suggest commercial demand for suborbital services. Supply side somewhat uncertain
• Potential commercial demand for orbital services and LEO destinations, limited analysis • Unknown demand for Moon/Mars destinations, very little data • Many projections assume a robust LEO economy – chicken/egg
• Major challenges: magnitude of investment is massive, technology is complex, timelines are long
Prepared by Bryce Space and Technology Carissa Christensen, CEO [email protected] @BryceSpaceTech +1 703-647-8070
