Europe surpasses US in private spacetech investment for first time, report finds

For the first time ever, Europe has surpassed the US in private spacetech investment, according to new research. A study by Seraphim, a leading spacetech VC firm, found the European sector attracted $565m in the first quarter of this year. The whole of North America, meanwhile, raised $456m. Asia followed, with investments of $306m, while the rest of the world totalled around $29m. The figures made Europe the world’s biggest market for private spacetech funding. The quarterly investment in Europe hit almost 50% of the entire previous year. In contrast, US investment has fallen further compared to 2022. Asia was the…

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