Key highlights from the report include:
- With another $6.1B invested into 92 space companies in Q2, there has now been $264.0B of equity investment into 1,727 unique companies in the space economy over the past 10 years
- While 99% of total investment has gone to Satellites and Launch industries, Space Capital is beginning to see founders raise capital and build businesses focused on Stations, Lunar, Logistics, and Industrials. In fact, $2.7 billion has been invested into these Emerging Industries over the past decade, with nearly half of that total invested in 2021 alone. The record level of investment last year was driven by venture capital firms, many of whom were investing in the category for the first time.
- While Space Capital believes the macro environment will continue to cause headwinds for some space companies, they do not believe that the space economy is at existential risk.
- Space Capital expects the macro environment will disproportionately affect funding for capital-intensive Launch and Emerging Industries companies for the foreseeable future (1-3 years).
- Companies providing data, insights, and critical services to enterprises and governments will be better situated to grow revenues in the near term and therefore better positioned to raise additional funding.