Space startups raised $1.9 billion in the third quarter, up nearly a fifth from a year earlier, driven by investor interest in rocket launchers and satellite manufacturers.
Investment trend in space sector shifted towards capital-intensive businesses, with nine of the top ten deals in the third quarter focused on such ventures.
Previously, investors prioritized data analytics and satellite imagery-related startups due to quicker revenue generation.
The United States surpassed China in space startup funding this year, indicating increased competition for dominance.