With VCs Returning to Business as Usual, Investment in Space Reaches $36 Billion Since Turn of Century Cambridge, MA – NSR’s Emerging Space Investment Analysis, 3rd Edition report (ESIA3) released today, shows $7.7 billion in funding was raised in 2020 alone, bringing the total since 2000 to nearly $36 B. “2020 was definitely a record.
NSR outlined how Iridium’s recurring revenue, and corresponding valuation, put it in a very different position from today’s SPACs in a forthcoming SpaceNews commentary. “The recent spree of space SPACs are marked by unrealistic projections,”. “Not counting Iridium, the average space SPAC has a $1.8 billion enterprise valuation built on assumptions it can grow [an average.
In regards to the current trend of “SPACs for Space”, NSR was critical of the space companies’ valuations and revenue projections. “I think it will be extremely difficult to reach those revenues,” they said. “The road to market has taken them a long time to get where they are, and they have not really generated.