Venture Orbital Systems (France)

Cyrine Ben-Hafaiedh and Jacques Angot

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Abstract: Venture Orbital Systems (VOS) is a French NewSpace business. The private space industry is booming with, in particular, very small satellites (less than 50 kg, called nanosatellites or CubeSats). Until recently, small satellite operators had to rideshare with larger satellite providers, which causes delays and approximate positioning in space. The goal of VOS is to make small satellite operators their main client and to speedily deposit their satellites in the right place at the right time. The deep-tech start-up needs a big round of funding, and the board told VOS's CEO, Stan, that it will be difficult to raise money unless he proves some traction with his project. According to Stan, traction is something that makes sense for regular tech projects, but bringing that mindset into deep tech is problematic because deep tech takes time to develop. Nevertheless, Stan recognises that investors are worried about knowing if there will be a market and a product-market fit. The board will reconvene in two weeks, and they expect a fully fledged business model with new revenue streams demonstrating the traction of the product.

Keywords: NewSpace; Business model; Ecosystem; Deep tech; Legitimacy (search for similar items in EconPapers)
Date: 2024-01-18
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Published in Cyrine Ben-Hafaïedh (ed.); Thomas M. Cooney (ed.). Cases on STEM Entrepreneurship, chap3, Edward Elgar Publishing, pp.37-48, 2024, 978 1 80220 627 2. ⟨10.4337/9781802206289.00009⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04537202

DOI: 10.4337/9781802206289.00009

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