Additionally, “venture investment in the space economy has increased significantly,” reaching nearly $339 billion since 2009. Recent investments in 99 companies amounted to $9.5 billion.
Space Capital managing partner Chad Anderson said the real power of the space economy lies not just in launching rockets and satellites, but in using space infrastructure to solve problems on Earth. Therefore, the space economy is expected to grow and develop further in the coming years.
Various investors are investing in the industry, and many large companies are competing for the right to receive orders from NASA and the Pentagon. But as analysts noted in their report, “one company will benefit from the growth of the space industry,” which dominates both rocket launches and satellite internet: Elon Musk’s SpaceX.
According to Quartz, citing a Novaspace report, SpaceX’s success is due in part to Musk’s status as the “first friend” of President-elect Donald Trump, who appointed Musk to head his new department and advisory group.
Source: Ferra
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