By 2040, the space industry should reach annual revenue of USD 1 trillion and launch costs will decrease by 95%, according to the Citigroup’a report. The development of technology, the emergence of innovations and an increase in the share of private space companies will make near-Earth space more accessible, opening up more orbital services such as satellite broadband and manufacturing.
According to Space Capital’s quarterly report, investments in the international space tech companies set an annual record over the past decade – USD 14.5b in 2021, which is 50% more than a year before. Ukraine also aims to join in. Although the Ukrainian space sector is dominated by state-owned agencies, more private companies founded by Ukrainians or with R&D in Ukraine started to emerge on the landscape. The majors are Skyrora, Kurs Orbita, Orbit Boy, Promin Aerospace (Zaarbird) and others.
According to AVentures Capital’s 2022 DealBook of Ukraine, the total amount of disclosed funding received by Ukrainian companies is over USD 300m and 55% of that funding came in 2021 alone. In 2021, the total VC and PE investment volume into Ukrainian tech companies reached a record high USD 832m, marking more than 45% year-over-year growth. The volume of Seed & Grant deals in 2021 grew by 100% since last year and hit USD 84m. The volume of Series A deals also increased by over 30% and landed at USD 158m Most funds were received by a handful of global companies with established US presence that leverage Ukraine for R&D capabilities.
Follow us on Facebook, Twitter, LinkedIn, or YouTube .
