- According to a report this week by New York-based firm Space Capital, private investment in space companies reached $3.9 billion in the third quarter.
- This pushes for a new annual record of $10.3 billion this year, up from a record $9.8 billion in 2020, the report said.
- The space companies that closed the SPAC (Special Purpose Acquisition Company) merger and went public made up a significant portion of the capital raised in the third quarter.
Private investment in space companies peaked at $3.9 billion in the third quarter, reaching a new annual record of $10.3 billion this year. a report This week by New York-based firm Space Capital.
“This quarter set a new record for annual infrastructure investments, surpassing the previous set of $9.8 billion in 2020,” Chad Anderson, managing partner at Space Capital, wrote in the report.
The quarterly Space Capital Report divides investments in the industry into three technology categories: infrastructure, distribution and applications.
Infrastructure includes what would normally be considered space companies, such as firms that manufacture rockets and satellites.
Space companies closing the SPAC merger and going public made up a significant portion of the capital raised in the third quarter — with moves completed by Rocket Lab, Spire Global, BlackSky, Momentus and Redwire. The two biggest deals in the quarter were by ORBCOMM, which was taken private for $1.1 billion, and satellite broadband company OneWeb, which raised $550 million.
With more SPAC deals expected to close in the fourth quarter, Anderson wrote that “average round size and number of rounds are also on track to set new records at the end of Q4.”
In total, Space Capital tracks 1,654 companies that have raised $231.2 billion in cumulative global equity investments across its three space categories since 2012.