2023 was a year that tested the resilience of startups, but despite hurdles, it was another year of extraordinary growth in the Space Economy
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The Q4 2023 Space Investment Quarterly is now live!
2023 was a year that tested the resilience of startups, but despite hurdles,
it was another year of extraordinary growth in the Space Economy.
Key highlights from the report include:
- With another $4.6B invested in Q4, there has now been $298.0B invested into 1,832 unique space companies over the past decade. Total investment in the Space Economy hit a decade low in 2023 due to record-low investment in Applications, as investors shied away from revenue-starved LBS.
- However, investment in Infrastructure remained strong, accounting for 70% of total 2023 investment and notching its second highest annual record, spurred by countercyclical revenue from government customers.
- With growing demand for satellite Infrastructure, Earth orbits are becoming increasingly crowded and Space Traffic Management will continue to be a key area of focus in the year ahead - along with the potential for new and expanded regulations.
- Another record for transportation to orbit was set in 2023 with 212 successful global launches. SpaceX accounted for nearly half of the total with 96, topping its previous annual record of 61 in 2022, and shows no signs of slowing.
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Check out the most recent episode of the Space Capital podcast where we're speaking with Siamak Hesar & Araz Feyzi, co-founders of Kayhan Space, a company that is on a mission to bring next-generation automation to satellite operations and spaceflight safety. 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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Space Capital, 133 W 25th Street, New York, NY 10001, United States
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