Over at the Economist, M.H. writes that Space is the new frontier for entrepreneurs, one that attracts a rare breed of investors.
The Space Angels Networks claims to be the only global group of angel investors dedicated to aerospace and aviation, and to have invested in more space industry start-ups than any other. Although it has been around since 2006, membership in the group has doubled in the last year and now stands at around 30 individuals. These space angels may be wealthy but they are hardly the super-rich: investments have ranged from as little as $50,000 up to a modest $1m. According to Joe Landon, the network’s Seattle-based managing director, while his members are all enthusiastic about space, they also expect to earn a timely return on their investments.
Read the Full Story.