Investment in space companies bounced back in the third quarter from the COVID-19 lull, report says

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A Falcon rocket launches a Starlink mission in October 2020.SpaceXPrivate investment into space companies in the third quarter of 2020 bounced back after a significant dip in the prior quarter, according to a report Thursday by NYC-based firm Space Capital.”After the slowest quarter on record for [space infrastructure] investment since 2009, investment in this layer of the stack rebounded in Q3 to pre-COVID levels,” Space Capital managing partner Chad Anderson wrote in the report. “With just three quarters booked, 2020 is already the largest year on record for infrastructure investment with $5.5 billion invested [this year].”The quarterly Space Capital report divides investment in the industry into three technology layers, with space infrastructure including what many would typically consider to be space companies: Those which build rockets, satellites, spacecraft, space exploration projects and more. The report found that space infrastructure companies brought in $3.6 billion during the third quarter, the largest single quarter of investment on record. More than half that investment came through SpaceX’s about $2 billion raise in August.An investment freeze due to the coronavirus pandemic was seen as a serious risk by space companies earlier this year. But executives from companies such as Sierra Nevada Corporation, Virgin Galactic, Relativity Space and …

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