The space market in 2024 has experienced significant growth, fueled by strong venture capital investments and a resurgence of space SPACs. Startups from the U.S., China, Europe, and Australia contributed to the year’s 15 largest funding deals, showcasing global interest in the sector. U.S. companies like Astranis, Firefly, and Impulse secured major investments, while European firm The Exploration Company raised $160 million to develop a crewed space capsule. Despite this enthusiasm, investors face challenges in identifying truly promising business opportunities within the rapidly expanding space market. This trend highlights both the excitement and complexity of navigating the space sector’s evolving landscape.
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