NewSpace VC

NewSpace Capital operates as a specialized Private Equity firm, investing in growth-stage deep-tech companies in the space economy. It targets entities developing and applying advanced space technologies to solve global challenges. Based in Luxembourg, it provides capital and strategic guidance, accelerating market readiness for its portfolio.

Bogdan Gogulan, CEO and Managing Partner, established NewSpace Capital in 2018. His founding insight recognized a significant opportunity for high-growth investment in the commercial space industry. Gogulan’s vision leveraged private equity to empower innovative space ventures, moving nascent technologies toward commercial viability and broad application.

The firm supports growth-stage companies creating foundational technologies for space exploration and utilization. NewSpace Capital’s long-term vision advances crucial space infrastructure and applications, meaningfully contributing to the overall space ecosystem. It aims to propel the sector by backing technologically sound companies prepared for substantial impact and expansion.

High-Level Overview

NewSpace Capital is a leading space-focused private equity firm headquartered in Luxembourg, investing in growth-stage deep-tech companies addressing global challenges in sustainable economic and social development.[1][2][3] Its mission centers on enabling space technologies like satellite communications, earth observation, and space exploration through a "picks & shovels" strategy—targeting supply chain and downstream segments with proven revenues, unique market positions, and strong management teams.[2] The firm emphasizes risk-adjusted returns alongside positive societal impact, leveraging its network for exclusive deals in undervalued segments.[1][2] With a track record of 7 investments and 2 funds, it contributes to the burgeoning space ecosystem by fueling companies that drive the projected growth from a €400B+ market in 2022 to €1T+ by 2040.[2][3]

Origin Story

NewSpace Capital was founded in 2021 and is based in Munsbach, Luxembourg, positioning it as a key player in Europe's space investment landscape.[3] While specific founding partners are not detailed in available sources, the firm's evolution reflects the rapid rise of the NewSpace sector, fueled by over €140B in investments since 2010 and a focus on deep-tech amid the "Space Rush."[2] It emerged during a period of heightened private capital inflow into space startups, building on Luxembourg's strengths in space resources and finance to target growth-stage opportunities overlooked by earlier-stage VCs.[1][2][5]

Core Differentiators

• Unique Investment Model: Employs a "picks & shovels" approach, investing in revenue-generating leaders in space supply chains and applications rather than high-risk early ventures, lowering risk while capturing upside in satellite comms, earth observation, and exploration.[2]
• Network Strength: Extensive global connections provide access to exclusive, underinvested deals, enhanced by deep industry expertise for spotting high-potential opportunities.[1][2]
• Track Record: Manages 2 funds with 7 investments in space-related deep-tech; prioritizes companies with execution track records for strong risk-adjusted returns.[2][3]
• Operating Support: Empowers entrepreneurs via expertise and networks, fostering sustainable impact beyond financial gains in a sector enabling €10T+ in economic activity.[1][2]

Role in the Broader Tech Landscape

NewSpace Capital rides the NewSpace wave—a disruption driven by private companies slashing space access costs through commercial models, with VC, SPACs, and acquisitions propelling segments like satellite constellations, manufacturing, launch, and infrastructure.[5][6] Timing aligns with explosive growth: €140B+ invested since 2010, U.S. dominance in VC (nearly half global funds) enabling scaling, while Europe lags due to regulatory and financing hurdles.[2][5][6] Market forces like falling launch costs and demand for earth-applications favor its strategy, influencing the ecosystem by funding mature players amid volatility, as seen in steady 2022 raises like ICEYE's $136M.[5] This bolsters innovation in a market eyeing €1T+ by 2040, bridging space tech to earthly solutions.[2]

Quick Take & Future Outlook

NewSpace Capital is poised to expand its portfolio as space infrastructure and intersatellite tech draw more capital, potentially launching additional funds to tap €10T+ enabled activity.[2][5] Trends like U.S.-led VC scale versus European regulatory gaps will shape its path, favoring Luxembourg's hub status for cross-Atlantic deals.[6] Its influence may grow through more exits and follow-ons, solidifying "doing well by doing good" in a maturing NewSpace ecosystem—echoing its core bet on proven disruptors tackling global challenges.[1][2]