Billions in Space Funding in 2020, Including $1 Billion Oneweb Deal | NextBigFuture.com
| Date | 14th, Jul 2020 |
|---|---|
| Source | NextBigFuture - Scientific News Websites |
DESCRIPTION
In the first quarter of 2020, there was $1.2 billion invested into space companies. $535 million was for two funding rounds for SpaceX. $111M for Kinéis – Building a constellation of 25 nanosatellites, 20 ground stations, the launch of the satellites and the international expansion of Kinéis. AST & Science ($110M), Astra ($100M), Astranis ($90M, including $50M of debt financing) and ABL Space Systems ($47.5M). In 2019, there was $5.7 billion invested into space companies globally. In July, $500 million was invested by the UK government into Oneweb. Oneweb is a competitor to SpaceX Starlink. Oneweb had to file for