Magical Trade
Tuesday, January 31, 2023
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

Private investment in space companies dropped during Q2 despite monster SpaceX round, report finds

by
July 14, 2022
in Trade News
0
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Jim Chanos says he’s still shorting Tesla as EV competition increases, profit margin peaks

Everyone’s watching Meta’s earnings report for a hint at how online ads are doing

A Falcon 9 rocket launches a batch of Starlink satellites to orbit on April 29, 2022.
SpaceX

Private investment in space companies dwindled in the second quarter — weighed down by broader economic and market headwinds but salvaged in part by a funding round at Elon Musk’s SpaceX, according to a report Thursday by New York-based firm Space Capital.

Space infrastructure companies brought in $2.5 billion of private investment in Q2, of which SpaceX’s recent $1.7 billion raise made up the majority. The quarterly figure represents a 45% drop from the same period in 2021, which marked a record year for investment in space companies.

Space companies, especially those which recently went public, have suffered a rocky first half of the year as investors turned on technology and growth stocks. The space economy hasn’t been spared from rising interest rates, inflation or supply chain disruptions.

According to the report, capital has largely sat on the sidelines as well — at least temporarily.

“While we believe the macro environment will continue to cause headwinds for some space companies, we do not believe that the space economy is at existential risk,” Space Capital managing partner Chad Anderson wrote in the report.

“Space technologies are next generation digital infrastructure, the ‘invisible backbone’ that powers our global economy,” he said.

Satellite technologies such as imagery and communications make up about 90% of the total annual investment in the space economy and “already play a critical role in most major industries,” Anderson wrote. The remaining 10% flows into companies that build hardware, such as rockets and spacecraft.

In total, Space Capital tracks 1,727 companies which have raised $264 billion in cumulative global equity investments since 2012.

The report also highlighted investments in “Emerging Industries” – made up of companies working on orbital stations and industrials, space logistics and lunar services – as seeing “consistent growth in the past decade,” drawing $2.7 billion over that period.

While the subsector remains in its “infancy,” according to the report, SpaceX’s coming mammoth rocket Starship represents a key enabler to “Emerging Industries” companies, with the potential to further lower the cost of orbit.

Importantly, SpaceX continues to “defy consensus,” Anderson wrote in the report, and should be able to raise large chunks of funding in the future “despite current market conditions,” which will boost the nascent “Emerging Industries” subsector.

“Just as the Falcon 9 [rocket] did 10 years ago, Starship will further reduce the cost to orbit,” Anderson wrote.

ShareTweetPin

Related Posts

Jim Chanos says he’s still shorting Tesla as EV competition increases, profit margin peaks

by
January 31, 2023
0

Famed short seller Jim Chanos said Monday he's still betting against Tesla as competition in the electric vehicle market ramps...

Everyone’s watching Meta’s earnings report for a hint at how online ads are doing

by
January 31, 2023
0

In this article AMZNGOOGLSNAPMETA Follow your favorite stocksCREATE FREE ACCOUNT Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in...

Carvana stock briefly halted for volatility amid reports of ‘meme-style’ options frenzy

by
January 31, 2023
0

Post Content

Showtime to combine with Paramount+, rebrand with new name

by
January 30, 2023
0

In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, Paramount+ (Paramount Plus) logo is seen...

Everyone’s watching Meta’s earnings report for a hint at how online ads are doing

by
January 30, 2023
0

In this article AMZNGOOGLSNAPMETA Follow your favorite stocksCREATE FREE ACCOUNT Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in...

Next Post

JPMorgan CEO Dimon sums up U.S. economy in one paragraph -- and it sounds bad

Dow falls 142 points as Wall Street weighs more aggressive Fed, disappointing bank earnings

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • Josh Brown says Nvidia’s potential is ‘scary’ ahead of a potential AI boom

    0 shares
    Share 0 Tweet 0
  • Cut Your Retirement Spending Now, Says Creator of the 4% Rule

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net