Charter Space: Revolutionizing Spacecraft Insurance
Charter Space aims to bring fintech to spacecraft insurance, offering faster, cheaper, and more reliable risk evaluation.
The company's goal is to eventually power new forms of credit and nondilutive funding for space companies, providing alternatives to venture capital and public markets.
It was all about the same physical object
Yuk Chi Chan, founder of Charter Space, was motivated to start the company after experiencing difficulties as a mission manager at a satellite bus startup, where he had to manage critical data scattered across Microsoft Excel.
As a former space lawyer, Chan had to repackage the same critical engineering and program data for different external audiences, highlighting the need for a more efficient solution.
Author's summary: Charter Space innovates spacecraft insurance with fintech.
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