US space industry funding drops 53% in Q1, hitting 8-year low - report

Investments in the U.S. space industry dropped 53 per cent to $2.2 billion in the three months ending March, a report said, with high interest rates and challenging market conditions making it the lowest quarter for funding the sector has seen since 2015.

Space Capital's report, coming on the heels of a Chapter 11 filing from Richard Branson's Virgin Orbit Holdings Inc, tracked 89 companies active in the sector. The risk threshold to invest in space companies was much higher earlier, but given recent market uncertainty, investors may not be as risk-loving and space being a nascent sector, many are dialing back, Deutsche Bank analyst Edison Yu told Reuters separately.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Korea announces measures to revive venture business investmentsSEOUL : The South Korean government unveiled on Thursday a series of policy measures to boost financial support and loosen regulations for struggling venture and start-up companies. The measures were prepared to vitalise venture business investments, which had been shrinking amid high inflation and rising
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »