Space Technology Special Report - Version B. July 2023 - 2

10 Surging
Space Startups
T
he art of creating something from nothing is
what startups know best. They take the old
way of doing business and turn it on its head,
finding creative solutions to solve some of the
toughest problems, leading to innovative disruption.
From launch to in-space services, this innovation is
happening rapidly in space. The commercialization of
low-Earth orbit (LEO) in the past decade has fueled the
emergence of many space startups. We have entered an
interesting time where new technologies developed by these
startups are paving the way for future space exploration.
The " 2022 Startup Space: Update on Investment
in Commercial Space Ventures " report by Bryce Tech
2 JULY 2023
shows that startup space ventures attracted over $15
billion in total financing during 2021, breaking the $7.7
billion record set in 2020. In addition, 2021 was a recordsetting
year for the number of startup space deals. In
2021, 10 space startups went public via special purpose
acquisition company (SPAC), raising nearly $4 billion.
According to the report, NASA's Artemis program, which
seeks to return humans to the Moon by 2025, creates
significant opportunities for startup companies. Several
major missions to the Moon are expected to take place,
including Artemis II and III, and others supported by startups.
NASA's Artemis program will continue to provide onramps
and opportunities throughout the decade as the
SPACE TECHNOLOGY SPECIAL REPORT

Space Technology Special Report - Version B. July 2023

Table of Contents for the Digital Edition of Space Technology Special Report - Version B. July 2023

Space Technology Special Report - Version B. July 2023 - Cov1
Space Technology Special Report - Version B. July 2023 - Cov2
Space Technology Special Report - Version B. July 2023 - 1
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