Investments in Emerging Industries continue to grow, as funding in H1 has already matched last year’s total.
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The Q3 2023 Space Investment Quarterly is now live!
Amid a wave of down rounds for the broader tech and VC community, the space capital markets are showing signs of recovery
Key highlights from the report include:
- In Q3, Space Economy investments rose 17% YoY, totaling $3.0B across 103 companies. There has now been $283.9B invested into 1,796 unique space companies over the past decade. 103 rounds closed in Q3, which is the highest in five quarters. Nearly one-quarter of these were Series A, which is 2x the global venture market.
- But
we’re not out of the woods just yet, when comparing 2023 to the same period in 2022, early-stage rounds declined by 46% and late-stage rounds fell by 70%.
- With Starship expected to pass critical testing this year, we are entering a new phase of infrastructure development that will have profound effects across the Space Economy. Both Infrastructure and Emerging Industries are poised for a major shake-up, as Starship creates vast new opportunities, but also obsoletes whole categories of investment
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Check out the most recent episode of the Space Capital podcast where we check back in with Stephane Germain, Co-Founder and CEO of GHGSat. Space Capital first invested in GHGSat back in 2018. Since then, GHGSat launched several new satellites and products, and has firmly established the company as the global leader in greenhouse gas emissions monitoring. If you like listening to the Space Capital podcast, please leave a review!
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As we celebrate five years of industry-defining research and 10+ years of pioneering investment, we’re proud to announce we have written the book on the subject. The Space Economy: Capitalize on the Greatest Business Opportunity of Our Lifetime, published by Wiley, is available to order now. Order at: thespaceconomy.com
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This email was sent to jplate@wgm.ca
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Space Capital, 133 W 25th Street, New York, NY 10001, United States
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