#146 | Space Financing | Justin Stevens, Overlap Holdings

Is the space sector actually financed in the right way? That’s probably the main question I’m discussing with my guest Justin Stevens, founder and CEO of the investment firm Overlap Holdings. He spent 18 years at Apollo Global Management, a very prominent private equity firm. So he’s a Wall Street guy like me and, I think, qualified to voice an opinion on this questions which we may not ask enough. Enjoy!   🕰️ Timestamps:  00:00 - Introduction  01:08 - Guest Intro  02:31 - Overlap Holdings Name Origin and Activities 03:43 - Capital Solutions and Government Solutions 06:24 - The Role of Debt in Frontier Tech 12:08 - Types of Debt and Their Applications 21:21 - Government Contracts and Lending 23:30 - Navigating Government Lending Challenges 24:00 - Leveraging a Detailed Lender Database 27:05 - The Importance of Government Financing 30:12 - The Evolution of Space Investing 33:57 - Investor Perspectives on Space 36:09 - Founding Overlap and Investing in Frontier Technology 39:17 - Future of Space and Investment Strategies 43:29 - Hypothetical Space Startup Ideas 46:09 - Science Fiction   📍 About the Guest: Justin is a seasoned investor and operator with over 18 years as a Senior Partner at Apollo Global Management, where he developed deep expertise in financial structuring and investment management. He has invested in, built, advised, and overseen organizations ranging from early-stage frontier tech startups to large, publicly traded companies. With a strong network across finance, industry, and government, Justin brings a multidisciplinary approach to navigating complex markets and driving long-term value across sectors. 🔗 Connect with Justin: 🤝 LinkedIn: https://www.linkedin.com/in/justinstevensny/   🔗 Follow us: 🏠Website : https://www.e2mc.space/ 🤝🏻LinkedIn : https://www.linkedin.com/company/space-business-podcast/ 🌐Socials: https://linktr.ee/spacebusinesspodcast     🔗 Follow Raphael: 🔷LinkedIn -  https://www.linkedin.com/in/raphaelroettgen 🌐Instagram - https://instagram.com/raphael_space/  ◇  Twitter/X - https://x.com/RaphaelE2MC   To Learn more about Space & the Space Economy: "To Infinity" – Raphael’s Revised Introduction to the Space Economy This book provides an insightful look into the space economy, its current trends, and future opportunities. 📚 https://a.co/d/6jIQ2LO  edX/EPFL's Space Economy MOOC This course offers a detailed understanding of the New Space Economy, covering key concepts and market developments. 🎓 https://www.edx.org/course/new-space- Space Business Newsletter 📬 https://spacebusiness.substack.com/