Former SES boss wants $250m for space venture
March 30, 2021
Ed Horowitz ran SES’s Americom business from 2005-2008 and was an Executive VP at Viacom for 8 years (1989-1997) and SVP/Operations at HBO (1974-1989). In other words, he has plenty of media and satellite experience. He now wants to raise $250 million for his next venture which is very much space related.
For the past 12 years he has been helping run US Space LLC and is Chairman of a New York-based venture capital firm providing financial, advisory and technology consulting services. He currently serves as Chairman of First Responder Network Authority (Firstnet.gov), and is also Board Commissioner to LinkNet Tbk PT (LINK:IJ) the largest fixed broadband and cable TV operator in Indonesia.
Horowitz, in a filing made with the SEC by Goldman Sachs and on behalf of Florida-based CEA Space Partners I where he is also Chairman, is offering the public 25 million $10 shares in a so-called blank check ‘Special Purpose Acquisition Company’ (SPAC) which is intended to list on the New York Stock Exchange.
“While we may pursue an acquisition opportunity in any industry or sector, we intend to focus our search on companies within the space economy and adjacent verticals with enterprise values of at least $1 billion,” the SPAC says in its SEC filing.
The filing also talks about the new business being interested in “satellite equipment and components, satellite communications services, earth observation technology, satellite launch technology, data collection tools and analytics, space logistics, robotics, and related services.”