Our Investment Thesis
Invest in What Everyone Else Will Need
We are not trying to predict a single winner in the race to the Moon.
The central question
If humans operate continuously on the Moon, what infrastructure becomes indispensable?
We are interested in the infrastructure that many participants will need regardless of who ultimately provides the lander, rover, habitat or launch vehicle.
That question guides Vencore Space Group. We look for capabilities with several characteristics:
- Multiple potential customers
- Increasing utilization as lunar activity grows
- Infrastructure shared across missions and platforms
- Difficult engineering or operational barriers to entry
- Government-supported early demand with potential commercial expansion
- Technologies capable of becoming services rather than one-time hardware
This is the lunar equivalent of investing in the roads, power grids, communications networks and logistics systems that enable an economy to develop.
The Vencore Space Infrastructure Stack
Seven layers of lunar infrastructure
Communications & PNT
- Lunar communications networks
- Positioning, navigation and timing
- Relay satellites
- Interoperability
- Spectrum and network architecture
Power
- Generation
- Storage
- Distribution
- Nuclear surface power
- Solar systems
- Power management and transfer
Mobility
- Crewed rovers
- Autonomous vehicles
- Cargo mobility
- Navigation
- Regional surface transportation
Logistics
- Earth-to-Moon transportation
- Orbital transfer
- Cargo delivery
- Surface logistics
- Storage and handling
- Cargo return
Autonomy
- Robotics
- Autonomous navigation
- Inspection
- Maintenance
- Construction
- Remote operations
Lunar Operations
- Habitats
- Thermal management
- Dust mitigation
- Landing infrastructure
- Systems integration
- Servicing
Resources & ISRU
- Resource mapping
- Water and oxygen extraction
- Regolith utilization
- Construction materials
- Surface preparation
- Future propellant production
Our approach
Identify. Connect. Invest.
Vencore Space Group takes a long-term infrastructure view rather than chasing individual missions.
Identify
Find critical infrastructure gaps before they become obvious bottlenecks.
Connect
Bring together technology companies, operators, government programs, capital and strategic partners across infrastructure layers.
Invest
Deploy patient capital selectively into businesses positioned to become essential components of sustained lunar operations.