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Alliance for Commercial Enterprises in Space

COMMERCIAL SPACE FORUMCOMMERCIAL SPACE FORUM

May 16-18, 2006Nasa ames research parkMoffett field, California

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Alliance for Commercial Enterprises in Space

OverviewOverview

Alliance for Commercial Enterprises in Space

The Alliance for Commercial Enterprises in Space (ACES) will advance development and use of the space environment, with emphasis on the low Earth orbit environment, for all users (scientific, technological, and commercial), in order to more efficiently advance scientific knowledge, technological capability, and commerce on Earth as a gateway to 21st Century exploration and development of space.

NavAstro Company

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Alliance for Commercial Enterprises in Space

KEY elementsKEY elements

Non-Profit InstitutionsNonprofit organizations are human-change agents. They are drawn to what Peter F. Drucker called the ‘high ground effort of changing lives for the better’ in a world of selfish interests.”

Commercial EnterprisesCommercial or industrial enterprises are established in order to perform economic activities and produce profit. The owners and operators of a business have as one of their main objectives to generate a financial return for their time, effort and capital.

Public InstitutionsPro Bono Publico organizations including governments can be change agents with regional, national and international impact.

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Alliance for Commercial Enterprises in Space

DEMAND, CAPITAL, SUPPLY

how I learned to stop worrying

DemandExplorationFundamental ResearchApplied & Commercial ResearchRecreation & ExperiencesTerrestrial power, Telecom, Information, Images

ACES EXECUTIVE COMMITTEE

Mike Griffen * George Bush

COMMERCIAL SPACE

AndLove

CommercialSpace

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Alliance for Commercial Enterprises in Space

June 21-22, 2005Santa Clara, Calif

Space Science Enterprise

October 5-7, 2005Moffett Field, CalifCommercial Space

Opportunities Forum

Participant Directed ActionsSummarize past successes, current

issues and opportunities Establish a fair facilitator, team

builder and enabler organizationIdentify multiple commercial

opportunities

Engaging THE commercial space industryEngaging THE commercial space industry

March 13-15, 2006Moffett Field, Calif

Simulated Space

May 16-18, 2006Moffett Field, Calif

Commercial Space Forum

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Alliance for Commercial Enterprises in Space

Finding “Home Run”Investment Opportunities

Is it worth it? Large market sizeReasonable R&D investmentLarge projected profit

A Customer/Investor PerspectiveAlan Marty, June 21st, 2005

Is it real?Proven scienceManufacturable productLow government uncertainty

Can we win?Best management teamHigh competitive barriers to entry

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Alliance for Commercial Enterprises in Space

Value not Apparent Until Late Stage

Average Company Valuation by Stage Average Company Valuation by Stage

$0

$100

$200

$300

$400

$500

$600

$700

$800

Pre-1ststage

1st stage 2nd stage 3rd stage Late stage IPO/M&A

Millio

ns

– Big MarketsBig Markets– Breakthrough TechnologyBreakthrough Technology– Real BusinessReal Business– Seasoned Management Seasoned Management

Corporate Positioning

Business Building Stage

2x

Supernormal Companies

Normal Companies

Exit Stage

Note: Analysis based on the investments of the 50 Note: Analysis based on the investments of the 50 largest independent VC firms.largest independent VC firms.Source: Venture Economics; Mergerstat; Compustat; Source: Venture Economics; Mergerstat; Compustat; SEC filings; McKinsey analysis SEC filings; McKinsey analysis

“The Nordic Model” offered by NORROC

Petter Kleppan, October 5, 2005

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Alliance for Commercial Enterprises in Space

We are gathered here Today

We are building on past philanthropic, commercial and government investments that have moved university and commercial partnership IP and technologies past the pre-1st stage funding into 1st, 2nd and 3rd stages of development pre-positioning them to capture the services and product sales of the emerging space market.

Genesis of this workshop occurred in August 2005 prior to NASA’s restructuring of the SPD program.

We are not revisiting past funding models but seeking new partnerships for innovation and product development.

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Alliance for Commercial Enterprises in Space

Moving forward

During this Forum we will show

Thank you to the following sponsors

National Aeronautics and Space Administration

California Space Grant Foundation

Explore business models and formulate implementation plans

Value Market size Proven science Manufacturable products Management team High competitive barriers to entry

HyNET

CSP

STC

CSEPS

CBSE

CSR

ITSC

CAM

ITD-PVT

MITAC

BioServe