Alpine Space Ventures Closes First Fund to Boost the Space Economy on Both Sides of the Pond

Loaded with $184 million (€170 million) to invest, Alpine Space Ventures is ready to make waves in the space sector. Founded by an early SpaceX engineer and a seasoned investor, this venture aims to fuel the growth of space technology companies in Europe and beyond. Let’s dive into how they plan to do it.

Fund Details

• Total Investment: $184 million (€170 million)
• Focus: Largest first-time venture capital fund specifically for the space sector

Founders and Background

• Bulent Altan: An early SpaceX engineer
• Joran Voelklein: A seasoned investor
• Location: Munich, established in 2020

Investment Strategy

• Target: 10–15 companies, primarily in Europe
• Follow-On Rounds: Substantial portion reserved
• Scope: Opportunities on both sides of the Atlantic
• Approach: Inspired by SpaceX’s focus on satellite sector expansion
• Strategy: Avoiding long-term ventures and direct competition with big players like SpaceX

Current Portfolio