Pub K
New Space Investments and Acquisitions Take Off
Perkins Coie – Responsible for lowering the cost to access space, the “new space” industry has been developing new and fast-moving business models that have opened up new markets. It has advanced technological innovations, including by rapidly iterating technology optimizations for customer fit. These private operators are increasingly backed by private investors, arrangements that are driving space investment in what was traditionally a mostly government-backed industry. This update summarizes the recent rapid growth of private investment in three key areas: venture investment, special purpose acquisition corporation (SPAC) trends, and acquisition activity.