
doi: 10.2514/6.2016-1896
The days where commercial access to space is limited to a commercial company’s absolute cost advantage, a sole source contract, or government funding are over. Disruptive aerospace companies such as SpaceX, PlanetLabs, NanoRacks, and Skybox have been successful because they leverage innovative and agile technology practices and are fostered by venture capital investment at early stages of development. Innovative aerospace start-ups are rapidly becoming a more lucrative and attractive investment to venture capital firms as the commercial aerospace industry becomes increasingly more interested in acquiring innovative start-up technologies rather than developing it themselves. Aerospace start-ups are incorporating corporate social responsibility into their competitive strategy; they realize that brining the benefits of space to the global economy for industrialized and developing nations will not only solve pressing social problems but increase their competitive advantage. The goals of this paper are threefold, (1) to track the recent impact of disruptive aerospace technologies or spinoffs on larger social issues, (2) to provide an analysis of venture capital investment in disruptive aerospace technologies, and (3) to assert that venture capital investment is pivotal in bringing these disruptive technologies to a maturity level where wider market adoption will lead to an impact on society. The results of this paper describe how venture capital’s investment in disruptive technologies allows aerospace start-ups to influence social issues. Venture funded disruptive aerospace technologies that enter the market through a diversification strategy and support a company’s strategic corporate social responsibility initiatives have the largest impact on society, often in the shortest time. One does not need to be a direct user of space but can benefit as an indirect beneficiary through the creation of positive externalities. These positive externalities enhance social goods centered around safety, security, environmental concerns, communications, and agriculture. The newest disruptive aerospace technologies may not change the world, but they can solve a direct need of the industry while positively impacting social causes much larger than the aerospace market.
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