Business · Updated 14 Oct, 04:58 pm IST
Space startups raise record $20.8 billion in Q3, report shows
Why it matters for readers: Explains that space businesses are getting record investment because governments and companies are ordering more launches and services.
- Space startups raised $20.8 billion in Q3, a near-tripling from $7.4 billion in Q2.1
- Excluding Blue Origin's $10 billion financing, Q3 investment was $10.8 billion, also a record.1
- A record 216 deals were completed in the quarter, up from 140 in Q2.1
- Infrastructure-focused companies — including launch providers and manufacturing — accounted for the bulk of funding activity.1
- Seraphim said capital is following evidence of commercial and institutional demand, not just IPO enthusiasm.1
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