Space Capital – Space IQ: Space Investment Quarterly, Q3 2025
Summary
This report analyzes private market startup activity and investment trends in the space economy.
It provides a comprehensive framework for understanding the space economy and emerging investment opportunities by breaking down private investment into three key technology layers: Infrastructure, Distribution, and Applications. The report highlights the importance of considering all layers to capture the full scope of commercial opportunities and projects a $1.8 trillion global space economy by 2035, driven by both backbone infrastructure and reach use cases.
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