FutureCorp Launches to Bring Frontier Economies to Public Markets

FutureCorp LLC (together with its affiliates, "FutureCorp"), a new investment firm that seeks to connect frontier economies with public-market investors, has announced its launch. FutureCorp expects to sponsor publicly listed vehicles focused on next decade's frontier economies. This will include a series of special purpose acquisition companies and publicly traded funds holding late-stage private companies. FutureCorp's first frontier is space. The firm's first vehicle is FutureCorp Space Acquisition 1 (NYSE: FTRA), which priced its IPO with $200 million in gross proceeds yesterday and begins trading on the NYSE today.

Why now: the best companies of the last twenty years stayed private
As frontier technology leaders have stayed private longer, public-market investors have been excluded from the most consequential wealth creation opportunities over the past decade. U.S. initial public offerings have declined approximately 70% since 2000. Private markets have grown roughly seven-fold over the same period and are projected to reach $30 trillion by 2030. When these private companies ultimately access the public markets, compounding value creation has already occurred outside the reach of ordinary public investors. FutureCorp was formed to address that gap, democratizing access to later-stage private companies.

"Most of the consequential companies built over the past two decades have been built in private markets, and public investors have largely been bystanders," said Sudhin Shahani, Founding Partner of FutureCorp. "We're building FutureCorp to bring the leading companies of the next generation of frontier economies onto public markets earlier. Our first frontier is industrial space — FutureCorp Space Acquisition 1 is the first step on that journey."

"We are proud to work with FutureCorp on providing space companies support on a variety of fronts, including access to the public markets," said Chris Taylor, Chief Development Officer, NYSE Group.

Space as the first frontier
The cost of launching a kilogram to low-Earth orbit is expected to fall below $100 by 2029 — comparable to shipping a kilogram overnight from New York to Los Angeles. That threshold has unlocked a new wave of industrial space companies in space manufacturing, private space stations, in-orbit transportation, in-orbit computing, and additional categories still being defined. More than 40 privately held space companies hold unicorn valuations today, with several clear category leaders emerging. The pending public listing of SpaceX illustrates how much of this generation's space-economy value has been built outside the reach of ordinary investors.

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