[3][4] Originally founded in 2007 as an angel investor network, the firm's scale was limited by its informal structure.

[5] In 2015, Anderson re-founded the company and launched its first special purpose vehicle (SPV) fund.

[11][12][13] Their investments are focused on space-based technologies such as GPS, geospatial intelligence, and satellite communications.

[15][16][17] The report has been cited by the United States Secretary of Commerce[18] and by the Vice President of the United States at the sixth meeting of the National Space Council.

[19] On March 18, 2020, Space Capital and SIlicon Valley Bank published a report called "The GPS Playbook",[20] which forecasted emerging opportunities for investors in three high-growth fields over the coming decade: GPS, geospatial intelligence and space-based communications.