This year was tough for many space companies, and we aren’t trying to paper that over with our optimism.
Advanced satellite operations demonstrationsIn the broadest possible terms, a huge portion of space startups are interested in increasing the number of things a satellite can do in space.
Another hot area of satellite operations involves in-space manufacturing and satellite reentry.
Next year, we expect to see more demonstrations from startups looking to execute state-of-the-art satellite operations.
2024 should be chock full of exciting tests and new developments from other companies looking to take their slice of the launch market.
Playground Global, the storied early-stage venture capital firm, brought in $410 million in capital commitments for its Fund III to invest in early-stage deep tech and science companies.
With Fund III, similar to its $500 million Fund II raised in 2017, capital deployments in Fund III will focus on seed and Series A companies with initial investments ranging from $1 million to $20 million.
For Fund III, we broadened our LP base to include endowments, foundations, and single and multifamily offices.
When we founded Playground, our team was purpose-built to help develop both consumer technologies and deep tech companies.
We’ve been investing in deep tech companies since we founded Playground, with PsiQuantum being one of our very first investments.
