Karman Line taps Ramsey Financial Group to lead SpacePort Fund

Karman Line has partnered with Ramsey Financial Group to run SpacePort Fund, a real estate vehicle focused on housing, labs and other infrastructure around U.S. and allied spaceports. The move comes as launch activity and space-industry job growth increase demand for the ground-level assets that support space hubs.

Why it matters: - SpacePort Fund is designed to finance the housing, industrial space and public amenities that spaceports need beyond launchpads. - The fund targets a real estate gap that can leave operators and startups carrying infrastructure costs on their balance sheets. - The strategy aims to match space-industry growth with the ground-layer development needed to support workers, suppliers and launch cadence.

What happened: - Karman Line announced a partnership with Ramsey Financial Group and named Meagan Murphy Crawford managing partner of SpacePort Fund. - Crawford is a partner at Ramsey Financial Group and chief financial officer of Karman Line. - L. Barton Womack, managing director at Ramsey Financial Group, serves as real estate fund manager for SpacePort Fund. - Leo B. Womack, senior advisor, will chair the fund’s investment committee.

The details: - Karman Line is a Cape Canaveral company building spaceport-adjacent infrastructure. - Ramsey Financial Group is a Houston investment partnership. - SpacePort Fund acquires and develops real assets around American and allied spaceports. - The fund focuses on workforce housing, shared laboratory space and industrial facilities for operators and suppliers, plus public amenities tied to spaceport communities. - SpacePort Fund works on public and private land, held in fee or under ground lease. - The fund’s build box covers Florida and Texas corridors and other U.S. and allied sites where a tenant commitment supports the project. - Sean Graham, Karman Line co-founder and CEO, said the partnership brings long-term real estate discipline to the spaceport layer. - L. Barton Womack said the fund is built around identifying launch corridors before housing and industrial facilities arrive. - Jim Thomas, Karman Line co-founder and chief growth officer, said the fund is meant to close the gap between launch capability and community infrastructure. - Karman Line said it has completed Space Coast work that includes the Legacy of Launch campaign with the U.S. Space Force Historical Foundation. - The campaign restored the Sands Space History Center outside the south gate of Cape Canaveral Space Force Station, and the center reopened in June 2025. - More information is available at SpacePort Fund and Karman Line ventures.

Between the lines: - The announcement positions space infrastructure as a real estate market, not just an aerospace market. - The fund appears aimed at projects with visible tenant demand, which could reduce development risk compared with speculative buildout. - Crawford’s comments suggest conventional venture capital is not built to finance long-lived physical assets like apartments and labs. - The partnership also signals that Karman Line wants to pair operating experience with institutional real estate execution.

What's next: - Karman Line and Ramsey Financial Group said they plan further announcements this fall. - SpacePort Fund is expected to continue building its pipeline around spaceport corridors with tenant-backed demand. - Karman Line’s earlier community and history projects on the Space Coast suggest the fund will sit inside a broader local development strategy.

The bottom line: - Karman Line and Ramsey Financial Group are betting that space growth will create durable demand for the housing, labs and amenities that sit closest to launch sites.