Charter Space Revolutionizes Spacecraft Insurance
Charter Space aims to bring fintech to spacecraft insurance, providing 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, offering alternatives to venture capital and public markets.
Founding Story
Yuk Chi Chan, founder of Charter Space, drew inspiration from his experience as a mission manager at a satellite bus startup in 2021.
It was all about the same physical object,” he told TechCrunch, recalling the challenges of managing critical data scattered across Microsoft Excel.
Chan's background as a former space lawyer and his experience in internal engineering operations and external data repackaging drove him to create a solution.
Author's summary: Charter Space innovates spacecraft insurance with fintech.
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