Beyond the hype, failure still is a big part of the space industry

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Not really surprising, but launching rockets is hard, and that fact is dampening investors' zeal for the sector.

Recently, NASA completed a successful Artemis I mission sending the Orion spacecraft, without any astronauts on board, into orbit around the moon. Its Space Launch System rocket, the most powerful in the world , had a picture-perfect launch. And

As a result, investors began to flood the broader space industry with investment, going all in on a sector that once was considered far too risky for serious money. In 2020, investment in start-up space companies reached $7.6 billion, a 16 percent increase from 2019, according toThat was “consistent with the six-year trend beginning in 2015 of unprecedented levels of venture capital-driven investment flowing into the space industry,” the firm said.After seeing a record $47.

“There is a spectrum of how sophisticated different sets of investors are with respect to space,” Klempner said. “Retail investors likely don’t understand all of the complexities of the technological advancement that need to happen for these businesses to make money and provide economic returns.”It’s not just the small start-ups that have faced economic turmoil.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Well it depends on how hard you choose to make the process for yourself............Virgin basically chose Veteran mode with their.............send rocket on plane...........then rocket will launch from plane..............

True and it always will be, but some of it has gotten easier as expertise, knowledge-bases, and tech innovation build. Imagine someone trying Spin Launch or even SpaceX forty years ago. Sector still seems to be making slow but steady growth overall.

Elon seems to do a pretty good job at launching as well as bringing them back.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in CA

Canada Canada Latest News, Canada Canada Headlines