Investment in Space: Review 2022 & Outlook

In 2022, in a risk-averse environment private investment has suffered a major setback. However, institutional and especially defense programs have seen a pickup in funding. Space SPAC deals have performed rather poorly, while significant M&A activity has taken place. In the near term, we expect to see more selective private investment and a continued increase in institutional and defense programs. 

To watch: LEO constellations, small launchers, satellite telephony, AI, IOT, space tourism, space stations, downstream services, software-defined solutions and "as a service" business models. 

In addition, sustainability of space will play an important role.