Investment in space companies bounced back in the third quarter from the COVID-19 lull, report says

"The increased involvement of these tech companies will service as yet another catalyst for growth in this sector," Anderson wrote. "In the same way that every company today is a technology company, the companies of tomorrow will be space companies."Rocket Labto develop various space technologies. Although the NASA contracts technically come in the fourth quarter, and would not be counted under Space Capital's investment criteria, the awards represent the U.S.

SpaceX's prototype Starship launches in a short first flight test at the company's facility in Boca Chica, Texas., SpaceX, and United Launch Alliance won contracts worth $89.7 million, $53.2 million and $86.2 million, respectively, to conduct demonstrations of new cryogenic fuel transfers and storage. Small rocket builder Rocket Lab will launch a demonstration mission for Eta Space, which won $27 million for a small-scale orbital flight demo of a cryogenic fluid management system.

"Tipping Point is a fantastic program designed to significantly mature a technology for use in commercial space applications. These are not R&D projects that are going to get filed away in a basement and collect dust. These awards give next generation technologies the capital they need to reach their next milestones and get one giant leap closer to commercial use," Anderson told CNBC.

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