When the Center of Gravity Moves Above Our Heads
Space now functions as a utility layer, with most value captured downstream in software, analytics and workflow integration rather than in rockets or spacecraft.
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Space now functions as a utility layer, with most value captured downstream in software, analytics and workflow integration rather than in rockets or spacecraft.
Q4 2025 was a record quarter for SpaceTech investment, with $3.8bn deployed globally and total funding over the past twelve months at $12.4bn, surpassing the 2021 peak of $10.9bn.
Total SpaceTech capital deployed reached $7.5bn in Q2 2026, the second-largest quarter on record, behind Q1 2026 ($8.0bn), while trailing twelve-month investment reached an all-time high of $23bn.