Future of Commercial Space Exploration Relies on Aid from Firms like Clark Street Associates

Future of Commercial Space Exploration Relies on Aid from Firms like Clark Street Associates

Exploration of outer space has finally come within reach of private companies. This region was once the domain of massive government organizations that spent millions on design, planning, craft and crew. Now, it has been breached by commercial firms like SpaceX and Boeing — and the future of their efforts are just starting to take shape.

What’s crucial to some start-up organizations in this sector is funding. Access to capital that will be used to get additional ships off the ground in the coming years is of the utmost importance. There are some advisory firms, such as Clark Street Associates, that are known for their work in a variety of industries such as artificial intelligence, clean water infrastructure, and sky satellite technology but more importantly, for tapping into federal and state funds. These revenue streams can then be used by companies that partner with Clark Street Associates, as an example. There are other forms of raising capital for future space exploration, but this type of non-dilutive funding has proven particularly effective.

The National Security Space Launch Phase 2 competition, according to SpaceNews.com, is one example of federal funds administered by the U.S. Air Force. SpaceX and United Launch Alliance saw continued federal backing while the future of working agreements with Blue Origin and Northrop Grumman remains in question. “We will work with those two companies to determine the right point to tie off their work under the [launch service] agreements,” the assistant secretary of the U.S. Air Force for acquisition told the news outlet. Consider the money at play that went toward “launch vehicle development and infrastructure”: $500 million for Blue Origin, $792 million for Northrop Grumman and $967 million for United Launch Alliance. The article also notes that U.S. senators came to defend the funding, saying that these public-private partnerships were worth continuing.

Clark Street Associates is one such company that has an understanding of multifaceted agreements with  private firms and government resources. The firm, according to its website, understands the “capital-intensive nature” of commercial space exploration. The astronomical costs of development shouldn’t stifle progress. Rather, those considering working with Clark Street Associates could see an immense benefit from the firm’s pursuit of funds. Many companies may not realize that these business relationships go together better than sky and water. This cash sits just outside the realm of traditional grants, where numerous groups are competing for a finite amount. Moreover, Clark Street Associates on its website states that it’s posses experience in clean water infrastructure and sky broadband technology, it remains focused on commercial launch, next-gen satellites and advanced sensors among other forward-looking ventures.

We’re still at the onset of exploring this brave new frontier, which began under the administration of late President John F. Kennedy. As the U.S. government continues to divvy up funding to large players, it’s still possible for other tech companies to consult a firm that provides access to non-dilutive funding.

Clark Street Associates
Clark Street Associates writes about commercial property development, site planning, and government programs designed to assist business expansion.

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