While the impact of the Fed's cut will take longer to flow through to private markets, dealmaking is already beginning to recover following an uninspiring 2022 and 2023.
- With $5.0B invested in Q3, 50% of the total has been invested in Application companies, followed by Infrastructure and then Distribution.
- There are currently 47 space unicorns (companies valued at over $1 billion) sitting in private portfolios.
- There were 16 space company acquisitions in Q3, with multiple high-value deals expected in the latter half of 2024.
- Venture capital continues to be the leading source (51%) of funding for privately held space companies, but a lack of liquidity-producing exits has slowed the flow of capital to startups.
