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> LeoLabs sells data to satellite operators, space agencies, America’s armed forces and insurers keen to calculate better actuarial tables for spacecraft. > Cu
by burkaman 5y ago
> LeoLabs sells data to satellite operators, space agencies, America’s armed forces and insurers keen to calculate better actuarial tables for spacecraft.
> Customers include insurers keen to see if policyholders fly their satellites as safely as they claim to.
> Northstar, for example, plans to charge annual subscriptions of between $10m and $100m.
> Naturally, this orbital-tracking technology has military value as well.
I think most of these companies are assuming they can get big government contracts once this becomes a big enough problem. Lockheed Martin has Space Fence (https://www.lockheedmartin.com/en-us/products/space-fence.html https://www.lockheedmartin.com/en-us/products/space-fence.ht...) which was presumably funded by a government contract
- twelve40 5y agosince OP asked specifically about VC-backed (and not bootstrapped or a lifestyle government consultancy), i guess the question is they must have at least pitched a $1bn+ TAM, no? in which case even having a couple of $100m contracts, even when it does miracles for lifestyle, would not be enough. Caveat, don't know much about this, just intuitively it doesn't seem like a VC hypergrowth story?