Synopsis
Here is a summary of the key points from the Space Investment Quarterly Q3 2023 report:
- $3.0B was invested in the space economy in Q3 2023 across 103 companies. This brings the total investment in 2023 so far to $11.6B across 289 companies.
- While investment is down 32% compared to the same period in 2022, infrastructure investments rose 27% year-over-year in Q3, helping offset declines in distribution and applications.
- Early stage rounds accounted for 61% of Q3 deals and 62% year-to-date. Growth stage rebounded with 70 rounds in Q3.
- Infrastructure received $1.6B in Q3, surpassing its 2022 total. It now represents 73% of 2023’s total funding.
- Within infrastructure, emerging industries saw 500% quarter-over-quarter growth, totaling $0.9B in Q3 and exceeding 2022’s full year total by 162%.
- The US leads infrastructure investment with 69% share, followed by France, China, UK, and Japan.
- Distribution saw a 74% increase in Q3 investment versus the first two quarters, totaling $0.3B. The US leads with 50% share.
- Applications hit record lows in investment in Q3. Climate tech within applications declined 71% year-over-year.
- Early stage rounds made up 73% of all equity rounds in Q3, indicating continued health at the top of the funnel.
