

Investing in Space Defense: Opportunities at the Strategic Edge
Space is becoming central to defense strategy. This roundtable examines investment opportunities at the intersection of space technology and national security, exploring emerging sectors and the strategic implications for investors.
Space-Based Defense Infrastructure – Satellite systems, communications networks, and space situational awareness technologies reshaping military capabilities.
Dual-Use Innovations – Technologies bridging commercial space applications and defense requirements, from launch systems to data analytics.
Investment Landscape & Risk – Navigating policy, regulatory frameworks, and strategic considerations when backing space defense ventures.
Host: Ted Elvhage, General Partner, Expansion Ventures
About the host:
Ted Elvhage is a founding partner of Expansion Ventures, a Pan-European seed stage fund based in France, Luxembourg, and Sweden, supporting European Sustainable Aerospace and Defence startups.
Before Expansion Ventures, he co-founded Rymdkapital, the Nordics' first space-focused VC, and he is Chairperson Emeritus for the EBAN Executive Committee for Space & Defence, promoting European innovation in these sectors.
With over 20 years of experience of investing, Elvhage has invested in almost 100 advanced technology companies across Sweden, Norway, the USA, China, and Taiwan. His extensive network spans Europe, Southeast Asia and Silicon Valley, and his portfolio is diverse, focusing primarily on deep-tech.
Elvhage's background includes entrepreneurship and executive roles, with significant experience in sales, negotiations, and team development. He has worked with companies ranging from small tech firms to global giants like Mercury and HP.
Currently, Elvhage is dedicated to supporting Europe's sustainable aerospace and defence sectors via Expansion Ventures, leveraging his vast experience and network to drive innovation and growth.
Contributors to the session:
Michel Friedling - former General of Space Command in France, Founder of LookUp space
Stefan Gustafsson - Board Professional and Advisor, Space & Defense
Peter Lundgreen, Founding CEO, Lundgreen Capital
Tobias Schmitt - Managing Director Family Office at Firstlane Capital.
Monica Hedberg - Asynjor Invest, Pinecone Ventures -
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