💨 Abstract

Space startups raised $1.9 billion in Q3, a 18% increase from the previous year, driven by interest in rocket launchers and satellite manufacturers. This shift saw nine of the top ten deals going to capital-intensive businesses. The U.S. surpassed China in space startups funding this year, with the largest transaction being $230 million for World Labs, a geospatial intelligence firm.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖