Meagan Murphy Crawford

About

I'm a capital architect.

An investor. A board director. An operator. A space industrialist. I do best-in-class due diligence. I build new financial tools that my industry needs. I solve problems. I'm a pragmatist. But I've spent most of my career sitting in rooms where pragmatism is not a part of the conversation.

Finance is my specialty, but space is my passion. I love space. I'm inspired and motivated to get out of bed every morning because there is something to build, somewhere to go, and an economic problem to conquer.

Portrait of Meagan Murphy Crawford.

How I got here

I started at NASA and left to go find the money.

I'm a fifth-generation native Houstonian. I started my career at the technology transfer office at Johnson Space Center while I was finishing my MBA in finance and entrepreneurship at Rice University, and I hold a BBA from the University of Houston-Downtown.

Back then SpaceX was still blowing up rockets and had not had a successful launch. But I could see it coming, and I remember writing it down one day. What if Elon succeeds? This is the key that unlocks the resources of the solar system for humanity. That is the thing historians a thousand years from now will point to as the moment humanity's economic sphere went from global to galactic.

Since then I've built and sold a space startup. At Deep Space Industries we set out to mine asteroids and never mined one. What we did build, almost as a byproduct, was a propulsion system that ran on dirty water, and that technology turned out to be worth enough on its own to sell the company. It is still flying today, on satellites belonging to HawkEye 360, Capella Space, Astro Digital and BlackSky. The headline was the asteroids. The substance was one layer down, where nobody had thought to look.

I founded the world's longest-running space business plan competition. I co-founded SpaceFund, the first venture capital firm focused on space startups, where I architected two funds, ran the diligence on every investment in both of them, led all but one, and sat on the boards. Four of those companies have exited: Made In Space, Voyager Technologies, Skyloom and SpaceX.

What I am building now

Venture was the only instrument in the building.

Venture capital is the most expensive money in the world and it is built for businesses you can start quickly and improve as you go. Point that instrument at a ten-year hardware program and it is the wrong fuel. Not bad fuel. Wrong. An entire generation of space companies got handed the only money in the room and told to survive on it.

I went and built the rest of it: private credit secured on revenue-generating orbital assets, spaceport infrastructure, an insurance practice that makes a satellite bankable, and the guidance layer that tells all of them what they are pricing. I built the full capital stack for the space industry that the rocket scientists didn't know they needed.

Today I am Chief Financial Officer and a principal of Spaceport Fund, a partner at Ramsey Financial Group, an investor in and advisor to Off Earth Data, and a co-founder of SpaceFund.

The Capital Stack

Why I do it

A doll that would not fit.

My mother tells a story at every family holiday about three-year-old Meagan having a complete meltdown, because my Barbie would not fit inside my toy space shuttle. It was a tantrum of such magnitude that my mother had to stop what she was doing, put me in the car, and drive to the toy store to find a doll with the correct dimensions. I have no memory of this, but I believe every word of it. I have been like this my entire life.

There is no other sector on Earth that does this to children. No eight-year-old announces over dinner that she intends to grow up and work in commercial insurance. Every launch broadcast is a recruiting campaign for the sciences that nobody has to pay for.

The only force strong enough to lift humanity permanently off world is the power of free enterprise. That is what all of this is for.