Space Industry Investments Hit Record High As Venture Capital Seeks The Next SpaceX

Share to linkedin... [+]Venture capitalists invested in $5.8 billion in 178 commercial space startups worldwide last year, up 38% in dollar terms from the prior year, making 2019 the biggest year for private space investments, according to a new report from venture capital firm Space Angels.

“We believe this reflects a healthy maturation of the entrepreneurial space ecosystem as early-stage companies graduate from concept to growth,” CEO Chad Anderson said in an email that accompanied the report. The United States is still the biggest country for space investments, with 55% of the year’s total funding going to American-headquartered firms. Space startups in the U.K. pulled in about 24% of 2019’s total funds. That country has seen increased activity in the sector over the past few years and a launch complex is currently being built in Scotland.

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