in ,

Report: Space Industry Deals Reach Record Annual High in 9 Months

Report: Space Industry Deals Reach Record Annual High in 9 Months - top government contractors - best government contracting event

Data from Space Capital shows that private investment deals within the space industry have amounted to $10.3 billion for the first three quarters of 2021, surpassing the $9.8 billion for all of last year, CNBC reported Thursday.

The New York-based venture capital firm estimates that investors injected $3.9 billion into businesses that develop satellites, launch vehicles and other space-related systems during the third quarter.

Space Capital expects the surge to continue in the fourth quarter, when transactions involving multiple special purpose acquisition companies are scheduled for completion.

Rocket Lab, BlackSky, Momentus, Redwire and Spire Global completed SPAC merger transactions in the August-October period.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Space News

mm

Written by Angeline Leishman

is an Executive Mosaic staff writer covering broad topics in the federal government contracting industry.

NGA Taps HawkEye 360 to Provide RF Energy Data for Analysis; Alex Fox Quoted - top government contractors - best government contracting event
NGA Taps HawkEye 360 to Provide RF Energy Data for Analysis; Alex Fox Quoted
Executive Spotlight: Keith Nakasone, Federal Strategist for VMware; Former GSA Deputy Assistant Commissioner - top government contractors - best government contracting event
Executive Spotlight: Keith Nakasone, Federal Strategist for VMware; Former GSA Deputy Assistant Commissioner