Per Wimmer: Willingness to Take Financial Risk Recovering

Posted by
Doug Messier
on May 27, 2009, at 6:04 pm

London financier Per Wimmer had a bit of good news to deliver during Space Investment Summit 6 on Wednesday. The willingness of investors to take financial risks seems to have recovered.

“In the past six weeks, (there has) been a massive change in the marketplace,” Wimmer told the audience.

Wimmer said he had been up at 2:30 a.m. to complete a million dollar deal; he completed a second deal worth $25 million by lunchtime. Although neither of the deals involved space, the recovery of investor’s “risk appetite” was a good sign for commercial space.

Wimmer has reservations on both Virgin Galactic and XCOR, which are both planning space tourism flights.