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VC firm Space Angels creates a job portal for space sector

Image Courtesy: CNBC

Space Angels, a New-York based venture capital firm that focuses on investments in space sector, has launched a new portal that helps space companies scout for the talent that they need. Known as ‘Space Talent’, the database includes over 3,000 open job listings in 140 space companies, ranging from engineering to design to administration. The listings include NewSpace behemoths like SpaceX, Rocket Lab, Blue Origin, and Virgin Galactic. It also includes leading satellite operators like SES, Maxar’s Digital Globe, Planet Labs, Spire Global and ICEYE.

Space Angels CEO Chad Anderson tweeted “If you’ve ever considered working in space, this jobs board has 3,000 reasons to make the leap,”

Space Angels pointed out that while the median pay in space jobs is just below that of IT giants in Silicon Valley, but they are not concentrated in a single region and widely distributed all across the US. Some of the top cities for jobs in space sector are San Fransisco, Seattle, Denver, Washington DC, and Los Angeles.

Any space company set up after 2000, with a minimum equity investment of $100,000, can add its job listings on the ‘Space Talent’ database.

Currently, Blue Origin accounts for 602 of the 2,934 jobs listed in the database, while SpaceX has 431 openings, as per GeekWire.

Why a dedicated portal for space jobs?

The portal has been created to meet the demand for the growing needs of the rapidly growing space sector.

What was once considered a niche segment has today become a booming business, with estimates putting the number of small satellites to be launched between 2018 and 2027 in the range of 6,500-7,000. In addition to heavy government push, the surge in investments by billionaires such as Elon Musk, Jeff Bezos and Richard Branson, and more recently venture capitalists, has provided a boost to the industry.

Nearly $3 billion in equity capital was invested in space companies globally in the first two quarters of 2019, according to a report by Space Angels. The report also says that around 435 companies in the space sector have attracted an investment of more than $20 billion in the past ten years, and the investments are only expected to soar in the coming year.

Also Read: NewSpace ecosystem propelling Earth Observation industry