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Space startup funding jumps in fourth quarter in a positive sign for 2024

Reuters · 1y

Global investments in space startups increased by 31% in the fourth quarter, signaling a rebound in the industry. Funding in space companies reached $4.6 billion in the quarter and totaled $17.9 billion for 2023. This resurgence in funding is expected to continue in 2024 as investors inject billions of dollars into space startups. Legacy space companies also increased their acquisitions in 2023 compared to the previous year. The prospect of declining interest rates is boosting equity valuations and making mergers and acquisitions more likely in 2024.