“The Future of Space Technology: A Look at 2024’s Prospects, from Increased Investments to Lunar Discoveries and Game-Changing Moments from SpaceX”
Despite a challenging economic period in 2022, this year’s investment into the space tech sector has continued to show signs of recovery.
Space tech has showcased a remarkable resilience amid macroeconomic uncertainty, bucking trends in the broader venture capital tech market.
Approximately $4.8 billion was invested into the space tech industry by the end of Q3, with growth-stage investment activity increasing.
These DoD contracts will stimulate a cascading effect throughout the broader space tech market.
This surge is expected to be catalyzed by strategic initiatives from respective governments, underscoring a global expansion and diversification of venture capital interest and commitment in the space tech sector.