The Space Review
June 6, 2022
Predicting the shakeout among the growing number of startups is difficult. Over the past few years, there were far too many companies working on small launch vehicles, each needing to raise tens to hundreds of millions of dollars, than most reasonable forecasts of the market could support. Then there were the LEO constellations, needing in some cases billions of dollars, for demand that might be filled by only a couple such systems.
There are signs, though, the market may be cooling, this time because of external factors. Supply chain problems that rippled through the entire economy have affected space companies, delaying development of satellites and launch systems and increasing costs.
“We see companies that, during a healthy supply chain and healthy markets, would be thriving,” said Jordan Noone, co-founder and general partner at Embedded Ventures who previously cofounded Relativity Space, during a panel session at Space Tech Expo in Long Beach, California, last month. Today, “many of those companies have major struggles.”
Source: The Space Review: Will the economy deflect the trajectory of space startups?