1、Private market equity investment activity and startup trends in the space economy from the investors at the forefrontQ2 20242024SPACE IQSpace Investment QuarterlyQ2Front cover image:An image taken by Russian cosmonaut Sergey Korsakov from OFT-2 shows the Boeing Starliner spacecraft approaching the I
2、nternational Space Station,June 7,2024.Photo credit:Sergey Korsakov/Roscosmos Space Capital 2024Unique CompaniesQ2 InvestmentQ2 Number of CompaniesReceiving InvestmentCumulative Private Market Equity Investment since 2015$291.3B1,830$4.0B123Venture capital continues to be the leading source of fundi
3、ng for space companies and at the core of the slowdown is a lack of liquidity-producing exits.With strong macroeconomic indicators at the start of 2024,we expected several rate cuts this year to spur a turnaround,which have yet to materialize.In fact,the Fed now expects to cut interest rates just on
4、ce in 2024 amid stubborn inflation.This,combined with election uncertainty,is resulting in a prolonged market correction,a difficult fundraising environment,and a tepid exit environment.Space IQ|Space Investment Quarterly 3Prediction:Government funding will continue to be a key driver of growth.In t
5、he quest for revenue,more companies are chasing government dollars and more investors are willing to fund them.For further reading,weve just published research on the inextricable link between defense spending and commercial space in the United States.At our Summit,we also explored the shifting glob
6、al power dynamics and the growth of the Chinese space economy.China has led YTD space Infrastructure investment,accounting for 37%of growth-stage and 63%of early-stage funding,both surpassing the U.S.Rising geopolitical tensions,particularly with China,continue to drive increases in U.S.government f