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Michael Sheetz @thesheetztweetz Space Reporter @CNBC | pitches [email protected] | DM for cell, WhatsApp, Signal, ProtonMail | formerly @DJNF @ESTribune | alumnus @TheKingsCollege Apr. 22, 2020 1 min read

The golden age of VC funding for space companies is over:

After years of record growth, Quilty Analytics says the coronavirus crisis has accelerated a "culling" of venture-backed space companies – and less than half will survive.  https://www.cnbc.com/2020/04/22/space-sectors-most-at-risk-from-coronavirus-freeze-in-vc-funding.html 

Quilty Analytics identified 6 space sectors that the firm believes have “high” or “very high” vulnerability during the current crisis:

- LEO Broadband
- Small Launch
- IoT smallsats
- SAR constellations
- Weather smallsat
- Direct-to-device comms
 https://www.cnbc.com/2020/04/22/space-sectors-most-at-risk-from-coronavirus-freeze-in-vc-funding.html 

By the numbers, the recent spree of investment in young space companies was unprecedented:

The last five years saw about 10 times as much funding go into over 800 venture backed-space companies.
 https://www.cnbc.com/2020/04/22/space-sectors-most-at-risk-from-coronavirus-freeze-in-vc-funding.html 

While the short-term outlook has soured for VC-backed space companies, Quilty Analytics said it is still bullish on the space industry’s growth over the long-term.

“The Space opportunity is exciting despite its immaturity"  https://www.cnbc.com/2020/04/22/space-sectors-most-at-risk-from-coronavirus-freeze-in-vc-funding.html 


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