{"id":54127,"date":"2023-01-26T01:43:53","date_gmt":"2023-01-25T17:43:53","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/space-investment-drops-down-to-earth-in-2022-with-a-focus-on-the-fundamentals\/"},"modified":"2023-01-26T01:43:53","modified_gmt":"2023-01-25T17:43:53","slug":"space-investment-drops-down-to-earth-in-2022-with-a-focus-on-the-fundamentals","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/space-investment-drops-down-to-earth-in-2022-with-a-focus-on-the-fundamentals\/","title":{"rendered":"Space Investment Drops Down to Earth in 2022, With a Focus on the Fundamentals"},"content":{"rendered":"<p><em class=\"Annotation -emphasis\">Rationalization.<\/em> It\u2019s the word that venture capitalists and analysts use when describing space investment in 2022. After a string of record-setting years that saw space invest rocket to new heights, interest rates rose sharply in 2022 and both private and public equity investors pulled back. <\/p>\n<p>While there were still a number of high-profile space funding rounds and seed funding for smaller companies, there was a noticeable dip from 2021, which many say was a bubble. At the same time, the space companies that went public in the wave of special purpose acquisition companies (SPACs) in 2021 saw their stock value plunge amid the larger public market decline. <\/p>\n<p>\t\t\t\t<img loading=\"lazy\" width=\"300\" height=\"225\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/sfWeKky6TiuIVJrXPnox_VS_010123_DGTL_cover_2-300x225.jpg\" class=\"attachment-medium size-medium\" alt=\"\" style=\"width: 120px; height: auto;\" decoding=\"async\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/sfWeKky6TiuIVJrXPnox_VS_010123_DGTL_cover_2-300x225.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/sfWeKky6TiuIVJrXPnox_VS_010123_DGTL_cover_2-800x599.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/sfWeKky6TiuIVJrXPnox_VS_010123_DGTL_cover_2-640x480.jpg 640w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/sfWeKky6TiuIVJrXPnox_VS_010123_DGTL_cover_2.jpg 1280w\" sizes=\"(max-width: 300px) 100vw, 300px\">\t\t\t<\/p>\n<h3 class=\"fs-5 mt-0\">Explore the January\/February 2023 Issue<\/h3>\n<p class=\"mb-0 fs-smaller text-balance\">Check out more from this issue and find your next story to read.<\/p>\n<p>\t\t\t<button class=\"btn btn-primary\" type=\"button\" data-bs-toggle=\"offcanvas\" data-bs-target=\"#offcanvasMENU\" aria-controls=\"offcanvasExample\" aria-label=\"button\" style=\"white-space: nowrap;\"><br \/>\n\t\t\t\tView More <i class=\"bi bi-arrow-right-circle\"><\/i><br \/>\n\t\t\t<\/button><\/p>\n<p>Leading investment firm Space Capital backs this up. The firm released its fourth quarter 2022 report on Jan. 19, reporting total space investment was down by 58 percent in 2022. Overall, there was $20.1 billion in private market equity investment in space in 2022, compared to $47.4 billion in 2021. <\/p>\n<p>Space Capital\u2019s assessment includes a broad swath of companies, including GPS-enabled companies that do location-based services. Narrowing that focus to space infrastructure \u2014 companies that manufacture, operate, and launch satellites and spacecraft \u2014 the same trend is shown. Private equity investment in space infrastructure in 2022 was $6.3 billion \u2014 a 57 percent decline from $14.5 billion in 2021. <\/p>\n<p>\u201cThe market downturn has resulted in increased investor scrutiny. I don\u2019t think it\u2019s a bad thing. We had this year, two-year period of more free-flowing capital that allowed for a lot of ideas to originate, get some traction, and get off the ground. Now we\u2019re getting to the place where investors are sorting out the concepts that will survive from those that won\u2019t. That will result in helping ultimately to get toward a set of scalable technologies,\u201d said Brooke Stokes, a partner in McKinsey\u2019s Aerospace &amp; Defense practice. <\/p>\n<p><script>var AIAD_fcd45f981d570e35cee941b23edc69c7_6a6a0453d7db0;googletag.cmd.push(function(){var AIMAP_29b58f13885ebf8ea6b032f958eb0748 = googletag.sizeMapping().addSize([992, 100], [[970, 90], [970, 250]]).addSize([768, 100], [728, 90]).addSize([320, 100], [320, 50]).build();var AIMAP_737ce075cc05dd766c8f8ea08f3faa73 = googletag.sizeMapping().addSize([768, 100], [728, 90]).addSize([320, 100], [320, 50]).build();var AIMAP_21fe3bcfb86a8660aba4e721ee9338f3 = googletag.sizeMapping().addSize([1200, 100], [970, 250]).addSize([768, 100], [600, 300]).addSize([320, 100], [300, 250]).build();AIAD_fcd45f981d570e35cee941b23edc69c7_6a6a0453d7db0 = googletag.defineSlot('\/987\/satellitetoday.com\/via-satellite-digital-issue-ads', [ [600, 300], [300, 250], [970, 250] ], 'div-gpt-ad-1774631144891- 0-6a6a0453d7db1').defineSizeMapping(AIMAP_21fe3bcfb86a8660aba4e721ee9338f3).setCollapseEmptyDiv(true).addService(googletag.pubads());   });<\/script><script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1774631144891- 0-6a6a0453d7db1'); });<\/script><\/p>\n<p>Across the board, investors are taking a more critical look at where they stake their money. <\/p>\n<p>\u201cIn the past decade or so, VC has been known for this \u2018growth at all cost\u2019 type of model. My personal opinion [is] that you\u2019re going to see a pullback in that. People are thinking much more strategically about where to deploy capital, when to deploy capital, and what they really need in order to grow,\u201d says Dr. Alison Perez, portfolio manager of Lockheed Martin Ventures. <\/p>\n<p>Lockheed Martin Ventures is the corporate venture capital arm of the defense prime contractor, and it was part of a number of major space rounding rounds in 2022 \u2014 Terran Orbital, Xona Space Systems, and Slingshot Aerospace, to name a few.  <\/p>\n<p>Lockheed Martin is not slowing down on its investment into emerging technologies, even doubling the fund in 2022. The firm does more than investing in its portfolio companies, it also gives the companies access to Lockheed Martin experts in their field and internal business development. <\/p>\n<p>Perez says the tighter capital environment is more difficult for both new and current portfolio companies, but it puts more of an emphasis on a strong business plan.<\/p>\n<p>\u201cWe expect not only the companies that we plan to invest in in the future, but our current portfolio, to really take a rational pause and develop appropriate business plans that can move ahead in this new environment to responsibly build technology with the resources at hand,\u201d Perez says. \u201cAt the end of the day, it comes down to good companies, good plans are going to get funded. Not only by us, but by VC in general. In times like this, it becomes very obvious who\u2019s leading in their market.\u201d <\/p>\n<p>Chris Daehnick, who leads Radar, McKinsey\u2019s aerospace and defense market analytics platform, cites Terran Orbital as an example of the rationalization of 2022. When the smallsat manufacturer received a $100 million investment and a strategic agreement from Lockheed Martin Ventures in October, it honed its focus on manufacturing and canceled plans to operate its own synthetic aperture radar (SAR) constellation and open a new facility in Florida.  <\/p>\n<p>\u201cI think \u201822 was the beginning of some rationalizations of the approaches,\u201d Daehnick said. \u201cAn example I use is Terran Orbital. They pulled back a bit from a \u2018do it all yourself\u2019 approach. They canceled PredaSAR, and got $100 million from Lockheed, particularly with a focus on the SDA proliferated LEO [Low-Earth Orbit] constellation. You\u2019re seeing a little bit of focus there.\u201d <\/p>\n<p>Government demand is strong across the board, experts all agree, and this is keeping the investment environment going. The U.S. and allied governments are increasing focus on innovative space capabilities, fueled by the war in Ukraine and competition with China\u2019s space program. <\/p>\n<p><script>var AIAD_fcd45f981d570e35cee941b23edc69c7_6a6a0453d8464;googletag.cmd.push(function(){var AIMAP_29b58f13885ebf8ea6b032f958eb0748 = googletag.sizeMapping().addSize([992, 100], [[970, 90], [970, 250]]).addSize([768, 100], [728, 90]).addSize([320, 100], [320, 50]).build();var AIMAP_737ce075cc05dd766c8f8ea08f3faa73 = googletag.sizeMapping().addSize([768, 100], [728, 90]).addSize([320, 100], [320, 50]).build();var AIMAP_21fe3bcfb86a8660aba4e721ee9338f3 = googletag.sizeMapping().addSize([1200, 100], [970, 250]).addSize([768, 100], [600, 300]).addSize([320, 100], [300, 250]).build();AIAD_fcd45f981d570e35cee941b23edc69c7_6a6a0453d8464 = googletag.defineSlot('\/987\/satellitetoday.com\/via-satellite-digital-issue-ads', [ [600, 300], [300, 250], [970, 250] ], 'div-gpt-ad-1774631144891- 0-6a6a0453d8465').defineSizeMapping(AIMAP_21fe3bcfb86a8660aba4e721ee9338f3).setCollapseEmptyDiv(true).addService(googletag.pubads());   });<\/script><script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1774631144891- 0-6a6a0453d8465'); });<\/script><\/p>\n<p>The Space Development Agency\u2019s contracts for the National Defense Space Architecture, for example, is funneling investment throughout the industry. Terran Orbital\u2019s deal with LM Ventures, for example, involves a subcontract for SDA satellites, and also in 2022, AE Industrial Partners (AEI) acquired a majority share of York Space Systems, which has a prime contracting role for the SDA. <\/p>\n<p>How much government traction a startup has is key to piquing investor interest, says Matt Patterson, managing director of new space VC firm Stellar Ventures. <\/p>\n<p>\u201cIn a down market, the U.S. government, generally speaking, or a European government, is your best purchaser. If you can get them to put up money for your project, they typically pay in advance while you build it. We look a lot more at the runway on the business and how much government revenue or government grants, government contracts can they bring in along the way as they get to commercial revenue,\u201d Patterson says. <\/p>\n<p>Stellar Ventures is a new space-focused venture capital firm co-founded by Patterson and Celeste Ford, the founder of engineering firm Stellar Solutions. The VC invested in Xona Space Systems and Skyloom in 2022 in addition to other companies, and plans to make five to 10 more investments in 2023. <\/p>\n<p>Patterson agrees there is rationality coming back into the space investment market after a period of hype. Startup valuations are coming down, making it a good time for the firm to invest. An investor can take a larger stake in a company with the same amount of money when the valuation is not as large. <\/p>\n<p>Despite a tighter investment market, a number of space companies still had strong funding rounds in 2022. Among the companies that were funded, more are based internationally, outside the U.S. than in the past, McKinsey partner Stokes observes. <\/p>\n<p>For example, two global SAR companies \u2014 Iceye, based in Finland, and Synspective, based in Japan, secured rounds of $100 million or larger. Another global Earth observation company, Pixxel, based in India, raised $25 million. Other European startups that were funded in 2022 include OroraTech, Aerospacelab, LiveEO, and Satellite Vu. <\/p>\n<p>Stokes also sees diversification in the types of companies that are getting funded. \u201cThere\u2019s been increased diversification in 2021, continuing into 2022, in what space technologies capital is going towards,\u201d she says. \u201cThere\u2019s more interest in things like infrastructure, spacecraft, lunar activity, mission software, software services.\u201d <\/p>\n<p>Of course, industry giant SpaceX raises more capital than any other space company. In 2022 alone, SpaceX raised about $2 billion before closing another $750 million early this year.  Investors may be eager to invest in potential competitors to Starlink, because they have a fear of missing out, or FOMO, Stokes\u2019 colleague Daehnick says. <\/p>\n<p><script>var AIAD_fcd45f981d570e35cee941b23edc69c7_6a6a0453d8a2f;googletag.cmd.push(function(){var AIMAP_29b58f13885ebf8ea6b032f958eb0748 = googletag.sizeMapping().addSize([992, 100], [[970, 90], [970, 250]]).addSize([768, 100], [728, 90]).addSize([320, 100], [320, 50]).build();var AIMAP_737ce075cc05dd766c8f8ea08f3faa73 = googletag.sizeMapping().addSize([768, 100], [728, 90]).addSize([320, 100], [320, 50]).build();var AIMAP_21fe3bcfb86a8660aba4e721ee9338f3 = googletag.sizeMapping().addSize([1200, 100], [970, 250]).addSize([768, 100], [600, 300]).addSize([320, 100], [300, 250]).build();AIAD_fcd45f981d570e35cee941b23edc69c7_6a6a0453d8a2f = googletag.defineSlot('\/987\/satellitetoday.com\/via-satellite-digital-issue-ads', [ [600, 300], [300, 250], [970, 250] ], 'div-gpt-ad-1774631144891- 0-6a6a0453d8a30').defineSizeMapping(AIMAP_21fe3bcfb86a8660aba4e721ee9338f3).setCollapseEmptyDiv(true).addService(googletag.pubads());   });<\/script><script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1774631144891- 0-6a6a0453d8a30'); });<\/script><\/p>\n<p>\u201cThe things that people really want to invest in \u2014 Starlink, SpaceX, Amazon\u2019s Project Kuiper and so forth \u2014 that have major finance backing on their own, are not available for investment. So, people will pursue things that look sort of like that,\u201d he says. <\/p>\n<p>Independent analyst Case Taylor thinks investors still have trouble understanding the space industry. It\u2019s easy to understand a rocket shooting up to space, and more difficult to conceptualize how Earth observation data might impact a customer\u2019s business case. <\/p>\n<p>As companies like Planet, Rocket Lab, and AST SpaceMobile were going public in 2020 and 2021, Taylor, who has a background in equity research, realized there was a void for space market research geared toward investors, and started his own independent analysis distributed via Substack. He also recently started to work for a new venture capital firm, the U.S Innovative Technology Fund, which has space as a key vertical. <\/p>\n<p>Taylor tracks the performance of space SPACs, most of which saw their stock decline in value in excess of 60 to 70 percent over the year. \u201cWe were in a bubble in \u201821 when a lot of these guys went public,\u201d he says. \u201cThe market was rewarding giant growth stories.\u201d <\/p>\n<p>But space SPACs, categorized as growth stocks, suffered alongside other growth stocks in 2022 as interest rates rose, and they did not meet the ambitious growth targets they originally projected. Planet is one notable exception, with fiscal year 2023 revenue in line with its original SPAC projections, Taylor points out, but Planet\u2019s stock still fell in 2022. <\/p>\n<p> \u201cWhen you\u2019re going public, you want to tell a good story to get investors excited, and you want to get a good valuation. But it\u2019s a really fine line between telling a realistic but optimistic story, versus something that\u2019s over the top,\u201d Taylor says of what happened with the SPACs in 2021. \u201cWith the space industry, I think we can all agree there\u2019s a lot of growth ahead. But the timing, pace, and path for how we realize that growth is unknown.\u201d <\/p>\n<p>The number of new SPACs strongly dipped in 2022 and a few that were in the works canceled their deals. No one expects that to pick back up in 2023. <\/p>\n<p> Taylor is closely tracking the companies\u2019 cash on hand and cash burn rate, and predicts a number of space SPACs could go bankrupt in 2023 if they aren\u2019t able to raise additional capital. This could also lead to consolidation instead of bankruptcies. <\/p>\n<p>\u201cEarth observation seems pretty promising in terms of being able to survive really tough capital market conditions and become profitable,\u201d he notes, referring to Planet, Spire, BlackSky, and Satellogic, which are all improving their margins on the path to profitability. <\/p>\n<p><script>var AIAD_fcd45f981d570e35cee941b23edc69c7_6a6a0453d902f;googletag.cmd.push(function(){var AIMAP_29b58f13885ebf8ea6b032f958eb0748 = googletag.sizeMapping().addSize([992, 100], [[970, 90], [970, 250]]).addSize([768, 100], [728, 90]).addSize([320, 100], [320, 50]).build();var AIMAP_737ce075cc05dd766c8f8ea08f3faa73 = googletag.sizeMapping().addSize([768, 100], [728, 90]).addSize([320, 100], [320, 50]).build();var AIMAP_21fe3bcfb86a8660aba4e721ee9338f3 = googletag.sizeMapping().addSize([1200, 100], [970, 250]).addSize([768, 100], [600, 300]).addSize([320, 100], [300, 250]).build();AIAD_fcd45f981d570e35cee941b23edc69c7_6a6a0453d902f = googletag.defineSlot('\/987\/satellitetoday.com\/via-satellite-digital-issue-ads', [ [600, 300], [300, 250], [970, 250] ], 'div-gpt-ad-1774631144891- 0-6a6a0453d9030').defineSizeMapping(AIMAP_21fe3bcfb86a8660aba4e721ee9338f3).setCollapseEmptyDiv(true).addService(googletag.pubads());   });<\/script><script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1774631144891- 0-6a6a0453d9030'); });<\/script><\/p>\n<p>Looking to 2023, every company needs to carefully manage cash to stay afloat in the more austere financial environment. A new World Economic Forum survey of private and public sector chief economists found that two-thirds expect a global recession this year and 18 percent consider it \u201cextremely likely.\u201d <\/p>\n<p>Space Capital\u2019s report predicts the coming year will be difficult for startups, but the firm found a bright spot as well.<\/p>\n<p>\u201cThe shift away from momentum investing and a greater focus on fundamentals is an overwhelmingly positive development for the space economy. Quality companies with product market fit, positive unit economics, and strong leadership will continue to get funded, although valuations will be more in line with historical averages,\u201d the new report says. <\/p>\n<p>Stokes said she will be watching for further consolidation in 2023. <\/p>\n<p>\u201cAs we see this pressure on companies and more limited capital markets, I do think we\u2019ll see some consolidation. That could be large established companies buying disruptors, that could be some of the more successful disruptors doing roll up plays. It could just be some shake out in the market from the 100-plus concepts in any given segment not making it to the next level of development,\u201d Stokes says. <\/p>\n<p>The experts interviewed for this story all point to strong interest in national security that will continue keeping the government as an anchor customer for space, and influence investment in the coming year. Governments around the world from the U.S., United Kingdom, and others have explicit plans to invest in space in the coming years.   <\/p>\n<p>The questions and uncertainty of 2022 will likely continue in 2023. <\/p>\n<p>\u201cMany investors take a wait and see approach,\u201d Daehnick says. \u201cAt a macro level, everybody is dealing with a lot of uncertainty right now. What\u2019s going to happen with inflation? Will we go into a recession or not? Space is caught up in that too, just like almost every other sector.\u201d <strong class=\"Annotation -strong\">VS<\/strong><\/p>\n<p>,<\/p>\n<h2 class=\"widget-title\">In This Issue<\/h2>\n<p>\t\t\t\t\t<!-- post id 405173:  \/code\/wp-content\/themes\/ai-beehive\/template-parts\/content\/post-snippet.php --><\/p>\n<figure class=\"overflow-hidden w-100 me-3\">\n<p>\t<img loading=\"lazy\" width=\"300\" height=\"225\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/5mWt7jSrQqGwnStzF3pv_VS_010123_DGTL_Cyber-300x225.jpg\" class=\"img-responsive wp-post-image\" alt=\"\" style=\"\" decoding=\"async\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/5mWt7jSrQqGwnStzF3pv_VS_010123_DGTL_Cyber-300x225.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/5mWt7jSrQqGwnStzF3pv_VS_010123_DGTL_Cyber-800x599.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/5mWt7jSrQqGwnStzF3pv_VS_010123_DGTL_Cyber-640x480.jpg 640w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/5mWt7jSrQqGwnStzF3pv_VS_010123_DGTL_Cyber.jpg 1280w\" sizes=\"(max-width: 300px) 100vw, 300px\">\t\t\t\t\t<\/figure>\n<h3 class=\"fs-4 w-100 line-clamp-3\">\n<p>\t\t\t\t10 Defining Moments in Cybersecurity and Satellite in 2022<br \/>\n\t\t<\/h3>\n<p><!-- .post-snippet --><\/p>\n<hr class=\"my-3 d-block d-md-none\">\n\t\t\t\t\t\t<!-- post id 405179:  \/code\/wp-content\/themes\/ai-beehive\/template-parts\/content\/post-snippet.php --><\/p>\n<figure class=\"overflow-hidden w-100 me-3\">\n<p>\t<img width=\"300\" height=\"225\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/14NOCCirSlaII6x9YS3n_VS_010123_DGTL_Ground_Tech-300x225.jpg\" class=\"img-responsive wp-post-image\" alt=\"\" style=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/14NOCCirSlaII6x9YS3n_VS_010123_DGTL_Ground_Tech-300x225.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/14NOCCirSlaII6x9YS3n_VS_010123_DGTL_Ground_Tech-800x599.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/14NOCCirSlaII6x9YS3n_VS_010123_DGTL_Ground_Tech-640x480.jpg 640w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/14NOCCirSlaII6x9YS3n_VS_010123_DGTL_Ground_Tech.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\">\t\t\t\t\t<\/figure>\n<h3 class=\"fs-4 w-100 line-clamp-3\">\n<p>\t\t\t\tDIFI Lays the Building Blocks for Ground Tech Interoperability<br \/>\n\t\t<\/h3>\n<p><!-- .post-snippet --><\/p>\n<hr class=\"my-3\">\n<p>\t\t\t\t\t<!-- post id 405170:  \/code\/wp-content\/themes\/ai-beehive\/template-parts\/content\/post-snippet.php --><\/p>\n<figure class=\"overflow-hidden w-100 me-3\">\n<p>\t<img width=\"300\" height=\"225\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/ghPwSKJSkWBafZ5GK2pp_VS_010123_DGTL_CV-300x225.jpg\" class=\"img-responsive wp-post-image\" alt=\"\" style=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/ghPwSKJSkWBafZ5GK2pp_VS_010123_DGTL_CV-300x225.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/ghPwSKJSkWBafZ5GK2pp_VS_010123_DGTL_CV-800x599.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/ghPwSKJSkWBafZ5GK2pp_VS_010123_DGTL_CV-640x480.jpg 640w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/ghPwSKJSkWBafZ5GK2pp_VS_010123_DGTL_CV.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\">\t\t\t\t\t<\/figure>\n<h3 class=\"fs-4 w-100 line-clamp-3\">\n<p>\t\t\t\tFueling the First Space-Based Economy<br \/>\n\t\t<\/h3>\n<p><!-- .post-snippet --><\/p>\n<hr class=\"my-3 d-block d-md-none\">\n\t\t\t\t\t\t<!-- post id 405185:  \/code\/wp-content\/themes\/ai-beehive\/template-parts\/content\/post-snippet.php --><\/p>\n<figure class=\"overflow-hidden w-100 me-3\">\n<p>\t<img width=\"300\" height=\"167\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/KTLvuqrDTyqngqI6bxKF_VGYWMBROShuyNu50pcM6_EdNote_Header_Web-300x167.jpg\" class=\"img-responsive wp-post-image\" alt=\"\" style=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/KTLvuqrDTyqngqI6bxKF_VGYWMBROShuyNu50pcM6_EdNote_Header_Web-300x167.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/KTLvuqrDTyqngqI6bxKF_VGYWMBROShuyNu50pcM6_EdNote_Header_Web-800x446.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/KTLvuqrDTyqngqI6bxKF_VGYWMBROShuyNu50pcM6_EdNote_Header_Web-640x357.jpg 640w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/KTLvuqrDTyqngqI6bxKF_VGYWMBROShuyNu50pcM6_EdNote_Header_Web.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\">\t\t\t\t\t<\/figure>\n<h3 class=\"fs-4 w-100 line-clamp-3\">\n<p>\t\t\t\tLaunch is Top of Mind as We Start 2023<br \/>\n\t\t<\/h3>\n<p><!-- .post-snippet --><\/p>\n<hr class=\"my-3\">\n<p>\t\t\t\t\t<!-- post id 405182:  \/code\/wp-content\/themes\/ai-beehive\/template-parts\/content\/post-snippet.php --><\/p>\n<figure class=\"overflow-hidden w-100 me-3\">\n<p>\t<img width=\"300\" height=\"300\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/KUkUFudSWObX24v7sY5p_Opinion-300x300.jpg\" class=\"img-responsive wp-post-image\" alt=\"\" style=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/KUkUFudSWObX24v7sY5p_Opinion-300x300.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/KUkUFudSWObX24v7sY5p_Opinion-800x800.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/KUkUFudSWObX24v7sY5p_Opinion-150x150.jpg 150w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/KUkUFudSWObX24v7sY5p_Opinion-640x640.jpg 640w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2026\/04\/KUkUFudSWObX24v7sY5p_Opinion.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\">\t\t\t\t\t<\/figure>\n<h3 class=\"fs-4 w-100 line-clamp-3\">\n<p>\t\t\t\tSolar Sails to New Heights<br \/>\n\t\t<\/h3>\n<p><!-- .post-snippet --><\/p>\n<hr class=\"my-3 d-block d-md-none\">\n","protected":false},"excerpt":{"rendered":"<p>Rationalization. It\u2019s the word that venture capitalists and analysts use when describing space investment in 2022. After a string of record-setting years that saw space invest rocket to new heights, interest rates rose sharply in 2022 and both private and public equity investors pulled back. While there were still a number of high-profile space funding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":54128,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-54127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/54127"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=54127"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/54127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/54128"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=54127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=54127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=54127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}