Start-Up Space 2026
Produced by BryceTech
The way capital is being deployed by space start-ups is changing.
In 2025, space investment increased, IPO activity resumed, and overall momentum improved. At the same time, a greater share of investment shifted to later-stage companies and U.S.-based firms.
Key insights from the report:
- $10.9B in total start-up space investment in 2025
- 235 deals completed across 208 companies
- Venture capital accounted for 79% of total funding
- IPO activity reached $1.3B across 4 deals, up significantly from 2024
- U.S. companies raised $7.3B, representing roughly two-thirds of total investment
- 397 first-time investors participated in 2025
Larger, more established companies are attracting the majority of funding, while newer entrants continue to expand the ecosystem. With a return in 2025 of IPOs and alternative financing, pathways to scale are reopening, but not all companies are equally positioned to benefit.
Read the full report.
