Investment in satellite activity stays strong
March 22, 2018
By Chris Forrester
One of the panels at last week’s Satellite 2018 conference looked at the amount of cash flowing into the industry from Venture Capital funds and other investors.
Bryce Space & Technology, in a presentation to delegates of its report (Startup Space: Update on Investment in Commercial Space Ventures) said that for 2017 some 164 investors had placed about $2.5 billion into 73 startup businesses during the year. This was about the same as that invested in in 2015 but down from the $3 billion injected in 2016, according to a story in specialist publication Space Intel Report (SIR).
SIR added that while some 75 venture capital businesses were active in the space sector in 2016, by last year the number had grown to 87 VCs.
SIR reports that the cash is spread through a variety of industry sub-sectors, including Earth observation/Mapping, Communications, Telecoms, Drones and Unmanned Aerial Vehicles.