2024: Space investors ready to soar with funding success

TLDR: Space investments are expected to increase in 2024 after a decline in 2023, but will likely remain below record highs. In 2023, $17.9 billion was invested in the global space economy, a 25% decrease compared to 2022 and the lowest level in a decade. The drop in investment can be attributed to macroeconomic factors such as higher interest rates and reduced risk appetite. However, investors are still cautious after experiencing poor performance of special purpose acquisition company (SPAC) mergers in the space industry. Despite this, the industry is seeing increased familiarity among investors, thanks in part to high-profile entrepreneurs like Elon Musk, Jeff Bezos, and Richard Branson. Government demand for space-based capabilities is also driving investment in the industry. Space companies that can demonstrate commercial success are expected to receive further government support. Overall, investors are hopeful for a rebound in space investments due to increased demand and interest in the industry.