SPACE INVESTMENT MORE THAN DOUBLED TO $23 BILLION IN YEAR TO JUNE, REPORT SAYS
Private investment in space companies globally more than doubled to $23 billion in the year through June as the sector shifts toward proven businesses, according to British investment firm Seraphim and Relm Insurance on Wednesday.
SpaceX's June IPO has reshaped the funding landscape for the sector, drawing in new investors as venture firms look for the next space company capable of a similar payoff. Investors are funneling capital toward companies that can show operational proof rather than early-stage promise, with the space economy moving from "hype to commercial reality", according to Relm Insurance. It said the companies attracting capital include Earth observation (EO), in-orbit manufacturing and satellite supply chains."EO is already an established category — the tech is well established, if still improving," said Andrew Bonwick, Relm's VP of Product Development.
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