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Readers!

 

It is now July, time once again to celebrate the start of this webpage in 2010 with my annual July fund-raising campaign.

 

This year I celebrate the fifteenth anniversary since I began Behind the Black. During that time I have done more than 33,000 posts, mostly covering the global space industry and the related planetary and astronomical science that comes from it. Along the way I have also felt compelled as a free American citizen to regularly post my thoughts on the politics and culture of the time, partly because I think it is important for free Americans to do so, and partly because those politics and that culture have a direct impact on the future of our civilization and its on-going efforts to explore and eventually colonize the solar system.

 

You can’t understand one without understanding the other.

 

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Investment in space dropped 58% in 2022

According to a new report by Space Capital, a New York venture capital firm, overall investment in space dropped 58% in 2022, dropping from the $47.4 billion peak in 2021 to $20.1 billion in 2022.

Space Capital, a New York-based venture capital firm, published its Space Investment Quarterly Jan. 19 for the fourth quarter of 2022. The report notes that early-stage startups fared better than later-stage and growth companies.

One exception was SpaceX, which raised $2 billion in 2022, or 32 percent of the total 2022 private investment in space infrastructure. SpaceX was also in the minority because it raised capital in both 2021 and 2022. Only 38 percent of the space infrastructure companies that raised capital in 2021 sought additional funding in 2022.

Essentially, if you remove SpaceX from the picture, major investment in space startups largely came to a halt in 2022. Furthermore, the report states that it also expects further investment in 2023 to be parsimonious. Apparently the venture capital community has realized how risky many of these space startups are (as seen by the loss of stock value for companies like Virgin Galactic, Astra, and Virgin Orbit), and is becoming more careful where it puts its money.

Genesis cover

On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.

 

The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.


The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
 

"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News

4 comments

  • Jeff Wright

    That’s concerning.

    This is why it is best to act like Elon and Bezos don’t exist, and to support old and new space alike in case one falters

  • M Puckett

    I think this trend goes well-beyond space. I think it is a symptom of the general economic downturn and malaise we are experiencing.

  • john hare

    Supporting old and new without regard to merit is supporting the cancer along with the healthy tissue.

  • Joe

    As a small space startup, I can say that Quub has been having its share of issues with fundraising. But if you have a good team, a great plan, and remain fiscally conservative, you can get investment. Just make sure you have the ingredients to make it go and be realistic on the timetables.

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