Space startups funding continues to recover as investors bet on government spending
global investments from April to June, marking a third consecutive quarter of growth in funding, according to British investment firm Seraphim Space.
WHY IT'S IMPORTANT
This positive trend follows a period of high interest rates that had deterred investors from funding companies involved in rockets, satellites and space-based data services.
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CONTEXT
Investments in Europe were flat from the prior quarter, while in North America, they were down about 50%. However, deals are often announced after the end of a quarter and it is too early to tell whether a decline in the United States suggests a weak 2024, or a bumpy recovery, the space technology investment firm said.
The strong quarter was propelled by a $943 million investment in Shanghai Spacecom Satellite Technology, the largest Chinese space tech deal to date.
This development reflects a growing determination among Chinese investors to rival U.S. capabilities in space, the report said.
KEY QUOTE
«I'm optimistic in predicting that at least in terms of growth, space investment market in 2025 is
