Alternative Financing for Aerospace Startups

Alternative Financing for Aerospace Startups Alternative Financing for Aerospace Startups
  • Contact

    Michael Mooring
    WeWork Queens
    Wework Queens Plaza 27-01 Queens Plaza North · Astoria, NY
    phone: 6096519358

  • Keywords

    finance, manufacturing

  • Registration costs

    0

  • Working language

    English

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Other
United States
Queens, NYC

Without large financial backers, many suppliers in New Space / Aerospace struggle to grow. The problem here is working capital: Customers, particularly large ones like Boeing or NASA, pay suppliers mostly on net terms, often 3 months after shipment. Unable to cover the cost of production, Suppliers often sell equity to VC firms or take out unfavorable loans.

Express Trade Capital’s program provides suppliers with an upfront deposit to get their orders started, along with assurance that they will get paid for their work.

Joseph Stern discusses a joint venture between two major American satellite manufacturers and the Russian Space Agency that sought to launch commercial satellites into outer space.

There will be food and drinks.

Learn more about Express Trade Capital at:
https://www.expresstradecapital.com/etc-case-studies/premier-manufacturer-satellites-motorola-space-system-loral/

More info on this website!

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