Buckle up, it could get bumpy: The space economy’s vaunted resilience will be tested in 2023
NSR Research Director, Brad Grady quoted in SpaceNews article
It is “highly likely” early-stage investment rounds for these companies in 2023 will be fewer in number and smaller in size than in previous years.
According to Analysys Mason research director Brad Grady, pre-revenue startups are already having challenges, “especially those with overtly optimistic business plans requiring significant technology development” to create new markets with unproven business models.
“Any pre or early revenue company with a high cash burn rate looking to raise money is worried right now,” Grady says, “it doesn’t matter if the company is a launch company, an antenna manufacturer,” or one just providing space-related services.