It was recently announced that SpaceFund has completed the first round of investments for their ‘SpaceFund One’ portfolio.
This marks an important step forward for the company, as it marks the transition from potential to actuality in their plans.
What is it?
SpaceFund hosts investment portfolios, curated by a team of forward thinking professionals, enveloped and shaped by Space based ventures. The first fund created by the team is known as ‘SpaceFund One’, and is still open for further investments by accredited investors.
The team behind the project makes use of blockchain technologies to tokenize ownership of the companies it chooses to invest in. In turn, start-ups working toward the future of space based endeavours gain access to much needed capital, while investors can play a role in helping them succeed – all the while benefiting from increased liquidity on their investment. Such liquidity is made possible by platforms such as OpenFinance, which supports secondary market trading of digital securities (including SpaceFund tokens ‘SF1’).
When SpaceFund was first getting off the ground, securities.io CEO, Antoine Tardif, took the time to share his thoughts on the company. Make sure to peruse the following article to learn more about the team behind the project, and what it is they are trying to achieve.
The first round of investments for their first fund is comprised of three promising companies – each vastly different from the other.
Made in Space
3D printing has improved by leaps and bounds over the past decade. The next leap for this useful technology will see it put to use in Space. The potential that 3D printing holds for cost savings, surrounding space based endeavours, is staggering; Enough so that Made in Space caught the attention of NASA in early 2019 – resulting in a $73.7M contract by the authorities on space.
CEO, Andrew Rush, currently oversees company operations.
Commercial space travel has captivated the imaginations of humans around the world for years now. However, for this to become a reality, there needs to be a commercial based space station. Axiom looks to make this a reality by learning from, and improving on, the International Space Station (ISS). In fact, the Axiom station will begin its life as an extension, or ‘node,’ of the ISS. This relationship benefiting both, with the ISS seeing increased crew capacities and research capabilities.
Operations at Axiom are overseen by CEO, Michael Suffredini.
With a means of perpetual energy yet to be discovered/developed, Earth’s satellites and Space based vehicles are dependent on more traditional forms of fuel. Orbit Fab looks to service this need by developing technologies and infrastructure to support space based refuelling stations. While this may seem like a simple concept, the execution is anything but.
Orbit Fab sees their operations spearheaded by a pair of co-founders – Daniel Faber and Jeremy Schiel.
Founded in 2018, SpaceFund maintains headquarters in Houston, Texas. Above all, the company operates as a VC firm, with a focus on utilizing blockchain technologies to facilitate space based endeavours.
Founding Partner – Rick Tumlinson, currently oversees company operations.
In Other News
While SpaceFund remains quite unique with regards to the nature of companies they are looking to invest in, the idea of a tokenized investment fund has become quite popular. The following articles are just a few which shed light on other funds which make use of a similar approach to their structuring.