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Economic Times

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Image Credit: Economic Times

Space startups see funding growth as investors bet on capex-intensive ventures, report says

  • 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.

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