The Moon is open for business
The Future. With NASA’s Artemis program planning to have a “sustained” presence on the Moon in the coming years, private companies are lining up to be involved in the groundbreaking market. With so much possibility for innovation, growth, and, yes, revenue on the lunar surface, expect the next decade’s biggest investment headlines to be focused on out-of-this-world ventures.
Brick & Lunar
With the first Artemis mission finally underway, a new space age is upon us… and private industry wants in.
- Space-focused VC firm Space Capital reports that at least 22 companies are focused on either making products for lunar missions, sending missions up themselves, or even setting up a base of operations on the Moon.
- In the last decade, $781 million has been poured into lunar ventures — a number that will undoubtedly multiply before the Artemis program hits its 2025 goal to put people on the surface.
- While most of the investment has been in transportation companies (we are still trying to get back to the Moon, after all), mining resources and developing livable habitats are next on the priority list.
- And with Space Entertainment Enterprise and Axios working on the first space-based movie studio (for real; they’re working on that upcoming Tom Cruise movie), expect the first lunar sound stages to pop up in the future.
Of course, all of this has the direct support of the US government, which has put private partnerships as a top goal of the Artemis program. Amazon, Cisco, Lockheed Martin, SpaceX, Boeing, and Northrop Grumman have all benefited.
What do you do when the global economy slows? Get off the globe