Pete Cannito, Redwire Corporation on the New York Stock Exchange, September 8, 2021.
Private investment in space companies reached $ 3.9 billion in the third quarter, propelling a new annual record of $ 10.3 billion this year, according to a report released this week by New York-based Space Capital.
“This quarter sets a new record for annual infrastructure investment, surpassing the previous $ 9.8 billion set in 2020,” Chad Anderson, managing partner of Space Capital, wrote in the report.
The Space Capital Quarterly Report divides industry investment into three technology categories: infrastructure, distribution, and application.
Infrastructure includes what would commonly be thought of as space companies, such as companies that build rockets and satellites.
Space companies closing the SPAC mergers and going public were a significant portion of the capital raised in the third quarter – with moves made by Rocket Lab, Spire Global, BlackSky, Momentus and Redwire. The two biggest deals in the quarter were made by ORBCOMM, which went private for $ 1.1 billion, and satellite broadband company OneWeb, which raised $ 550 million.
With more PSPC deals slated to close in the fourth quarter, Anderson wrote that “average tower size and number of towers are also on track to set new records at the end of the fourth quarter.”
In total, Space Capital follows 1,654 companies that have raised $ 231.2 billion in cumulative global investments since 2012 in its three space categories.
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