Investment Focus
The Vencore Space Infrastructure Stack
Eight interdependent layers of infrastructure that a permanent lunar economy cannot do without. We look for the dependencies between them, and ask what must exist before the next layer can scale.
Communications & PNT
- Ground stations
- Relays
- Spectrum
- Timing
- Navigation
- Interoperability
Power
- Generation
- Nuclear
- Solar
- Storage
- Conversion
- Distribution
Compute & Data
- Edge computing
- Onboard processing
- Data centers
- Routing
- Data infrastructure
Mobility & Autonomy
- Rovers
- Robotics
- Autonomous operations
- Navigation
- Routing
Transportation & Logistics
- Launch
- Transfer
- Landing
- Cargo
- Return
- Orbital mobility
Surface Infrastructure
- Landing pads
- Roads
- Habitats
- Shielding
- Construction
- Dust mitigation
Resources / ISRU
- Prospecting
- Excavation
- Water
- Oxygen
- Metals
- In-situ resource utilization
Servicing & Sustainment
- Repair
- Maintenance
- Refueling
- Replacement parts
- Long-duration operations
The Vencore lens
Communications and PNT first
We are particularly focused on communications and positioning, navigation and timing (PNT): the links and signals that allow landers to communicate, rovers to navigate, operators to coordinate and multiple commercial activities to function as a network.
Every other layer of the stack depends on it. Power systems need to be coordinated. Autonomous vehicles need to know where they are. Logistics needs timing. Surface construction needs positioning. The connective tissue comes first.
What piece of infrastructure does your business depend upon that does not really exist yet?
How we invest
Independent. Thesis-driven. Personally invested.
Track, then invest
We follow the sector continuously, so that when we invest we already understand the system a company fits into and what it depends on.
InstrumentsPersonal, thesis-driven
Public equities, space-focused funds and selected private and crowdfunded opportunities.
StructureNot a venture fund
Vencore Space Group is not a traditional venture fund and does not compete for major government contracts. That independence lets us look across entire infrastructure layers.
BaseDenver, Colorado
Research and engagement across the builders, investors, researchers, policymakers and operators shaping the off-world economy.