Alpine Space Ventures close first fund to grow the space economy on both sides of the pond

Quick Summary:

Alpine’s thesis is that as the space industry grows, and as more non-space companies look to benefit from access to space, there will be less of a need for any particular space company to completely vertically integrate.

They include K2 Space, a Los Angeles-based startup that has not been shy about its ambitions to build massive satellites for a Starship-enabled future, and German satellite builder Reflex Aerospace.

Four years later, and after two years of fundraising, they closed their first $184 million (€170 million) fund — the largest first-time VC fund dedicated to space globally.

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Article Details

Author / Journalist: Aria Alamalhodaei

Category: Technology

Markets: United StatesGermanyMaliUkraine

Topics: Space TC

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 12:00:00 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1495 words

Reading Time: 9 minutes read

Sentences: 52 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21574930

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