Nebex launches €100M initiative to turn global space spending into revenue for French startups
Tejpaul Bhatia, CEO of space trading company Nebex, told me something that he admits will upset many, many, many space entrepreneurs, “with the exception of maybe Elon Musk.” “The only thing that matt...
Tejpaul Bhatia, CEO of Nebex, a space trading company, argues that the only innovation currently occurring in the space industry is in business-model innovation. He states that there is no new invention in deep tech related to space, as the rocket equation has been known for over a century. Nebex, founded in 2025 by Bhatia, Anand Subramanian, and Manlio Di Stefano, is a commercial exchange connecting space companies with sovereign buyers and capital.
The company has launched a €100 million Industrial Return Initiative in France, aimed at connecting French space startups with global contract opportunities and creating a new model for France to achieve 100% industrial return on cross-border space spending. Bhatia emphasizes that while space sovereignty is a political frame, no country can reach orbit alone, and there is a $70 billion export gap annually due to the concentration of space supply in the US and Europe.
He believes that Nebex's model can bridge this gap by allowing countries to access global capabilities while maintaining domestic economic value.
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