AnswerBun.com

What to do with money?

Space Exploration Asked by peaceHoper on November 10, 2021

Suppose I raise $10 million from venture capitalists for my rocket startup, what are the initial steps I must take (as a person with no experience of making rockets before) to ensure my companies growth in a successful gradual manner?

2 Answers

Two options:

  1. Become an investor in SpaceX. $10M is not enough to start your own rocket company (it takes at least $1000M), but it would be enough to be taken seriously as an investor in another company that has a record of success, yet still needs cash.

  2. Become a subcontractor. Build something that a larger company doesn't do themselves, but might be willing to buy from you. For example, one could start a company that makes space food.

Answered by DrSheldon on November 10, 2021

Citing comments of @Tristan and @Polygnome:

$10M will pay ten people pay and benefits for maybe 5-7 years. That doesn't leave any money over to get any hardware.

Well, Elon musk invested about $100 million from 2001-2006 of his private money into SpaceX. Falcon 1 would not achieve orbit until 2008, and that has only about half a ton worth of payload. That should give you an idea.

I would add to them, that although $10 million is not enough for orbital rocketry, you can still join an already ongoing private rocketry project as a business partner or as an investor.

Answered by peterh on November 10, 2021

Add your own answers!

Related Questions

How to design heatshield bluntness?

1  Asked on September 28, 2021 by andrew-the-great

         

Constructing a non-rotating skyhook with a rotating one

1  Asked on September 28, 2021 by pitto

 

Pressure level inside Falcon 9 tanks?

0  Asked on January 30, 2021

     

Ask a Question

Get help from others!

© 2023 AnswerBun.com. All rights reserved. Sites we Love: PCI Database, MenuIva, UKBizDB, Menu Kuliner, Sharing RPP, SolveDir