The space industry can build rockets. Moving money around them is the hard part. A new startup called Nebex wants to fix that, and Google’s venture arm is backing it with $30mn.
GV, formerly Google Ventures, led the seed round, Bloomberg reported. Nebex also opened a banking relationship with JP Morgan. The company is the latest bet that space is becoming a real market, not just an engineering feat.
What Nebex is building
Nebex calls itself the market infrastructure for the space economy. In plain terms, it is an exchange. It aims to connect three groups: space firms selling technology, foreign governments wanting to buy or build space capabilities, and investors willing to finance the deals.
The platform would match those parties and take a fee on any deal that closes, the company said in its announcement. It is chasing big contracts, targeting deals of around $100mn or more.
