ABSTRACT: The falling cost of building and launching rockets, the miniaturisation of technologies, and the ambition of entrepreneurs and innovators have led to a new era for space. Otherwise known as 'new space', it has relevance to everyone and is increasingly backed by private finance. This is precisely when venture capital came into play. BIO: Linda Mazzotti is part of Primo Space, an Italian VC fund focused on early-stage investments in space tech. After spending the first part of her academic career between Italy, Argentina, and Israel earning a degree in International Affairs, she conducted research activities in Tel Aviv on security and anti-terrorism policies, later returning to Italy to specialize in Innovation Management and support local startups.

1. Space is open for
business
Linda Mazzotti
Spacetech VC Associate @Primo Space

2. New Space Economy
Traditional
Space
Economy
● Launch cost decrease
● Space assets miniaturization
● Advanced space data applications
New Space
Economy
A broader view

3. New Space Economy
Increased capital attraction
Space startups raised
$22B in 2022
Even if sharp reversal from 2021
($45B+), mostly due to the global
macroeconomic crisis
$ 1 Trn annual revenue
by 2040
Morgan Stanley estimates the global
space economy yearly revenue to
grow from $350 Bn in 2020 to $1 Trn in
2040
$424 Bn value
The global Space Economy has
reached a $ 424 Bn value in 2022
Top VCs are actively
investing in space
Sequoia, Founders Fund, Bessemer,
In-Q-Tel, Koshla Ventures, First Round
Capital, DFJ, Shasta, 500 Startups
Sources: Bryce Space and Technology – Startup Space 2021, 2022

4. New Space Economy
European VCs investing in space, 2016-2022 ($M)

5. New Space Economy
Primo Space - the first Italian VC fund dedicated to spacetech