SpaceFund
710 North Post Oak Rd #400, Houston, TX, 77024, United States
Overview
SpaceFund invests in visionary yet practical high-growth startups addressing the multi-billion dollar space markets that will both enable and benefit from the space revolution. We don’t invest in “aerospace” and we don’t chase “swarms” of satellites or drones. We largely avoid rockets (but we might invest in space transportation) and we don’t invest in weapons. We value integrity, humility, and pragmatism – even as we seek out the nimble, bold, and innovative. We also don’t “fire and forget” when it comes to investing. We nurture, cultivate, and support our portfolio companies through every stage of their development.
- Total investments
- 8
- Lead investments
- 1
- Investments · 12mo
- 1
- Active investors
- 4
Sector focus
- Financial Services
- Infrastructure
- Logistics
- Space Travel
- Transportation
- Venture Capital
Investment portfolio
- Rhea Space
Participated · Series A · Apr 2026
Rhea Space Activity builds AutoNav, an optical navigation software that determines position by imaging moving space objects and is described as unjammable and unspoofable. AutoNav was originally flown on several NASA missions and has been adapted by RSA's engineers for military and intelligence operations in GPS-denied environments. The company positions AutoNav as a dual-use capability serving U.S. and allied defense and commercial customers, and says it has commercial traction and growing institutional investor backing. RSA plans to scale, productize, and adapt its technologies for deployments across allied partner operations and contested domains. Management has highlighted goals including scaling hiring, production, system validation, and supply-chain resilience to meet urgent mission needs. The company is headquartered in Washington, DC, with subsidiaries in the United Kingdom and Australia.
- Sen
Participated · Equity · Dec 2022
Sen is a London-based startup developing ultra-high-definition, real-time video streams of Earth from a planned constellation of satellites. Its inaugural ETV-AI satellite launched aboard a SpaceX rideshare from Cape Canaveral roughly 11 months ago and each spacecraft carries four cameras calibrated for different spatial resolutions. Sen says its highest-resolution camera can produce 8K video with usable imagery down to about 1.5 metres above ground level. The company plans a 100-satellite constellation designed to blanket the globe with UHD imagery that would orbit Earth approximately every 90 minutes and to support humanitarian aid responses to natural disasters. Sen will offer a free-to-view UHD feed alongside a premium commercial tier that lets organisations download UHD-enriched aerial footage for granular regional insights. Founder and CEO Charles Black has been building the business for eight years after a 2019 pilot of the UHD video technology, and the company has raised over £7 million to date.
- Space Perspective
Participated · Debt Financing · May 2022
Space Perspective operates Spaceship Neptune, a pressurized capsule carried to the edge of the atmosphere by a giant SpaceBalloon™, offering a six-hour, high-altitude experience with the largest windows ever flown to space. The cabin is outfitted as a Space Lounge with plush seating, a Space Spa, world-class meal and cocktail service, Wi‑Fi, and a lavatory. The company positions itself as the world’s first carbon-neutral spaceflight experience and follows FAA regulation and guidelines established by NASA and the U.S. Coast Guard. Founded by human spaceflight veterans Jane Poynter and Taber MacCallum, the engineering and operations team has decades of experience across U.S. human spacecraft development. Based on Florida’s Space Coast, Space Perspective is pursuing brand partnerships (including Mercedes‑Maybach for ground transport) and is in talks with additional brands to build an end‑to‑end luxury space lifestyle offering. The company emphasizes accessibility and a scalable space tourism model targeted at a growing pool of international ticket buyers. Space Perspective develops Spaceship Neptune, a pressurized capsule flown to the edge of space by a high‑performance SpaceBalloon to deliver a six‑hour, low‑G luxury spaceflight with large panoramic windows and a customizable Space Lounge. The company positions the product as an accessible, hospitality‑focused experience with in‑flight amenities and an Experience Curator advising on end‑to‑end guest journeys. Commercial flights are targeted to begin in late 2024; the company says the first year of seats is completely reserved and it is taking reservations for 2025 and beyond. Tickets are priced at $125,000 per person with fully refundable deposits starting at $1,000 and the option to pay via cryptocurrency. Space Perspective says its human spaceflight launches are regulated by the FAA Office of Commercial Spaceflight and has located a worldwide campus and manufacturing complex at Florida’s Space Coast Spaceport adjacent to Kennedy Space Center. The company has assembled a senior team of industry veterans and plans to hire about 240 full‑time employees by the end of 2026; it has raised more than $65 million to date, including the most recent financing. Space Perspective builds a pressurized capsule lifted by a large stratospheric balloon to carry paying customers to roughly 20 miles above Earth for six-hour flights. The company markets a premium, flight-like experience with Wi‑Fi, a bar, and no special training required. It has collected 475 reservations, each secured by deposits of $10,000–$25,000, for seats priced at $125,000. The firm completed an uncrewed, unpressurized full‑size capsule simulator launch from the Space Coast Spaceport in Florida and plans additional uncrewed tests followed by a piloted test flight in 2023. Commercial service is targeted for late 2024, with capsule splashdowns and ship recoveries similar to NASA and SpaceX procedures. Space Perspective is led and was founded by husband‑and‑wife co‑CEOs Jane Poynter and Taber MacCallum. Space Perspective is developing Spaceship Neptune, a pressurized passenger capsule carried by an ultra-high-altitude balloon to the edge of space. Neptune is designed to carry up to eight passengers on a six-hour journey that includes roughly two hours at the upper edge of Earth’s atmosphere and concludes with a water landing in the Atlantic Ocean. The company targeted a first test flight at the end of Q1 2021 using an uncrewed prototype that will not have the pressurized cabin of the final version. From there it plans to test and develop systems necessary to carry human passengers by around 2024, with ticket pre-sales launching from 2021 aimed at deep-pocketed customers. The company was founded by Jane Poynter and Taber MacCallum, who previously founded stratospheric balloon company World View. Space Perspective has raised a $7 million seed round from investors including Prime Movers Lab and Base Ventures.
- Radian
Participated · Seed · Jan 2022
Radian Aerospace is developing Radian One, a fully reusable horizontal takeoff-and-landing, single-stage-to-orbit spaceplane designed to carry people and light cargo to low Earth orbit with aircraft-like operations. The company emphasizes rapid turnaround—fly, perform a mission, return, refuel, and fly again—to enable high-cadence missions and capabilities not possible with traditional vertical rockets. Radian’s winged configuration targets mission types such as research, in-space manufacturing, terrestrial observation, and rapid global delivery. The company says it is leveraging mature enabling technologies and recent advances in materials science, miniaturization, and manufacturing to make the design feasible. Radian emerged from stealth with $27.5 million in seed funding to advance development of Radian One and has launch service agreements with commercial space stations, in-space manufacturers, satellite and cargo companies, as well as agreements with the U.S. government and selected foreign governments. Founded in 2016 and based in Renton, Washington, Radian intends to mature its core technologies toward aircraft-like flight cadence and lower per-mission costs.
- Cognitive Space
Participated · Seed · Dec 2021
Cognitive Space offers an AI-powered Software-as-a-Service platform that helps satellite constellation operators scale and automate mission planning, payload scheduling, link management, and prioritized tasking. Its flagship CNTIENT® platform provides a single scalable system for remote sensing mission planning and operational automation. The company leverages artificial intelligence, software best practices, and operational expertise to drive strategic business outcomes for constellation operators. Cognitive Space is led by Founder and CEO Guy de Carufel and is described in the article as a market leader in intelligent space automation. The company plans to use the funds to further advance its SaaS platform, accelerate its go-to-market strategy, and expand its presence in the space industry. The business is based in Houston, TX. Cognitive Space develops artificial-intelligence software intended to operate and manage imaging satellite constellations. Its tools are designed to coordinate data collection across hybrid architectures of government and commercial imagery satellites. CEO Scott Herman says U.S. national security agencies are using the company's software to test concepts for obtaining imagery data. The company is Houston-based. Recently it secured $4 million in early investment to advance its satellite-operations software. No revenue or user metrics were reported in the articles.