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$1.9 billion invested, led by SpaceX

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A Falcon 9 rockets launches a Starlink mission on January 20, 2021.

SpaceX

Private investment in space companies hit $1.9 billion in the first quarter, according to a report on Wednesday by New York-based firm Space Capital.

“The trend towards larger late-stage deals continued in Q1, with the top 10 rounds accounting for 77% of total investment,” Space Capital managing partner Chad Anderson wrote in the report.

“At the early-stage, we’re seeing larger deal sizes at higher valuations and looser terms as VCs push to deploy the historical amounts of capital they raised in 2020,” he noted.

The quarterly Space Capital report divides investment in the industry into three technology categories.

The…



Source cnbc.com

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