Pete Cannito, Redwire Corporation on the New York Stock Exchange, September 8, 2021.
Source: New York Stock Exchange
A report released by New York-based Space Capital this week showed that private investment in space companies reached 3.9 billion U.S. dollars in the third quarter, setting a new annual record of 10.3 billion U.S. dollars this year.
“This quarter set a new record for annual infrastructure investment, surpassing the $9.8B set in 2020,” Space Capital managing partner Chad Anderson wrote in the report.
Space Capital’s quarterly report divides industry investments into three technology categories: infrastructure, distribution, and applications.
Infrastructure includes companies that are generally regarded as space companies, such as companies that make rockets and satellites.
Aerospace companies that completed the merger and listing of SPAC accounted for a large part of the funds raised in the third quarter-completed by Rocket Lab, Spire Global, BlackSky, Momentus and Redwire. The two largest transactions this quarter were the privatization of ORBCOMM for US$1.1 billion, and the satellite broadband company OneWeb raised US$550 million.
As more SPAC transactions are expected to be completed in the fourth quarter, Anderson wrote: “The average round size and number of rounds are also expected to set new records by the end of the fourth quarter.”
Space Capital tracks a total of 1,654 companies that have raised a total of $231.2 billion in global equity investments in their three aerospace categories since 2012.
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