Investment into the U.S. space sector for the third quarter continues to show signals of recovery, according to Seraphim Space, the Global Investment Co., in its Seraphim Space Third Quarter Investment Report.
While the number of deals remained largely in line with the previous quarter, total global investment in space technology has recorded a 38 percent increase over the previous quarter – $1.6 billion was invested in third quarter compared to $1.16 billion in second quarter.
There was a considerable shift in the distribution of investment between early-stage and late-stage deals. The third quarter saw 82 percent of investment into late-stage businesses, as opposed to second quarter with 63 percent. This shift was in large part spurred by the return of large investments seen by companies such as Axiom, Sierra and MapBox in the quarter.
The return of growth rounds is significant, as large growth rounds were largely absent through the economic uncerta