Why space investments? The appeal for high-net-worth investors and family offices

In this panel at Space Foundation’s inaugural Innovate Space: Finance Forum, industry experts addressed the motivations and strategies behind high-net-worth individuals investing in the space sector. The conversation highlighted unique opportunities and challenges while also emphasizing the sector’s potential for substantial returns.

Daniel Kleinmann, general partner at Balerion Space Ventures, who transitioned from managing a family office to co-founding a space-focused venture capital firm, observed that the perception of space investments has evolved significantly since 2021 as more fund managers recognize the sector’s potential for competitive returns.

Blair Bigelow May, co-founder of Desert Legacy Capital, remarked on the increased legitimacy and enthusiasm surrounding space investments.

Meanwhile, Mike Gold, chief growth officer at Redwire, emphasized the critical role of government as a catalyst and a customer in the space sector.

The panelists discussed the intersection of space with other industries, particularly biotech and pharmaceuticals. Gold highlighted Redwire’s work in bioprinting and drug development in microgravity, which has the potential to revolutionize both fields. He stressed that the ability to manufacture organs and develop new drugs in space could have profound implications for healthcare and national security.

The panel highlighted the transformative potential of space investments, driven by economic opportunities and strategic imperatives. The insights provided a comprehensive overview of why investors are increasingly looking to the stars for their next big investment.

This panel is one of a series of selections from the Innovate Space: Finance Forum. Click here to see more of those discussions and hear key insight from investors and industry leaders pioneering the new space economy.