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Investing in Space: The market’s taking off

July 18, 2025
06:50 AM
8 min read
AI Enhanced
investmenttradingfinancialspacedefensemarket cyclesseasonal analysisgeopolitical

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Between fundraising, IPOs and acquisitions, the space sector heated up in the second quarter.

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8 min read

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investment

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Published

July 18, 2025

06:50 AM

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CNBC

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Key Topics
investmenttradingfinancialspacedefensemarket cyclesseasonal analysisgeopolitical

What the data shows is Interestingly, The space sector showed signs of heating up in the second quarter despite global uncertainty triggered by U

Trade tariffs, in this volatile climate

Space startups kept drawing in funds over the April-June stretch, riding the high of "sustained interest" in defense opportunities and imved market sentiment, according to Seraphim Space

Moreover, Venture capital companies remained the most active space investors in recent months, contributing 77% of 2025 funding in the industry to date, Space Capital found

Digital generated image of a futuristic financial dashboard with holographic displays of various stock market graphs and data visualizations (remarkable data)

The analysis reveals scene includes detailed graphs with line and bar charts, real-time data s, and transparent screens, indicating a high-, data-driven environment suitable for financial analysis and trading (quite telling)

Furthermore, Eugene Mymrin | Moment | Getty ImagesCNBC's in Space offers a view into the of space exploration and privatization, dered straight to your inbox

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Overview: The market's taking offIt's that time of the year again, when CEOs take a deep breath, analysts ready their calculators, investors obsessively refresh stock tickers and every market open's a potential rollercoaster: quarterly earnings

It's a quieter affair in the space sector, where some big names — Elon Musk's SpaceX and Jeff Bezos' Blue Origin — have so far steered of going public, in today's market environment

There's still a sound swathe of listed heavy hitters that (also) dabble in space activities and are ly to draw the eye, from Boeing and Lockheed Martin to Virgin Galactic

Voyager nologies only just entered the public arena last month, with s soaring more than 80% in company's debut trading day after upsizing its initial public offering

However, And then there's the other new kid set to enter the Nasdaq's block: rocket maker Firefly Aerospace's filed to list and thereafter trade under the "FLY" ticker symbol

It's yet to reveal the number of s that'll be made available and their price range, but the firm's success in touching its Blue Ghost lunar lander down on the Moon earlier this year is ly to have earned it some attention

Moreover, The sector's startups kept drawing in funds over the April-June stretch, riding the high of "sustained interest" in defense opportunities and imved market sentiment after a fleeting pause in the U

Additionally, ' so-called recical tariffs, according to a report from Seraphim Space covering industry activity in the second quarter, in this volatile climate

No big surprise on the security-linked gains: from intelligence gathering to imaging, communications and, space is pretty integral to defense operations

It's only stepped further the limelight this year between the U. ' plans for the Golden Dome missile-intercepting system, Europe's "ReArm" initiative and NATO allies' recent pledge to raise their defense contributions to 5% of their gross domestic duct by 2035

Altogether, investment in space startups rallied to $3. 1 billion over the April-June stretch, marking the second largest quarter of investments in Seraphim Space's records and a boost from around $2. 1 billion over the January-March period (something worth watching)

Firms absorbed the lion's of the second-quarter space funding at $2, given current economic conditions. 2 billion, or 70% (which is quite significant), in today's financial world

Furthermore, This means year-to-date investment in U

Moreover, Space es has already surpassed the total achieved in the whole of 2024 — impressively, despite federal contracts and NASA budget cuts and the volatility triggered by the recent U (an important development)

Administration's tectionist trade policies

Deals ranked in the second-quarter's top 10 fundraisers — one by German launch services supplier Isar Aerospace in a $174 million Series C round, and another by Chinese positioning service vider Qianxun Spatial Intelligence, which clinched $137-million's worth of Series B funds (an important development)

Meanwhile, Startup Impulse Space meanwhile scored the top deal of the second quarter in a $300-million Series C raise (this bears monitoring)

Overall, venture capital companies remained the most active space investors in recent months, contributing 77% of 2025 funding in the sector to date, compared with the 54% average of 2024, according to Space Capital's separate second-quarter Space IQ report

The company identified especially strong funding momentum for habitats — crewed space stations — as well as for on-orbit servicing and energy generation and storage, in light of current trends

Noting 18 acquisitions that took place in the second quarter, Space Capital flagged it expects more than 10 "high-value" deals to close in 2025, for a jected total of $35 billion

Nevertheless, And space es are also carrying out investment

The talk of the town is a Wall Street Journal report that signals SpaceX has agreed to invest a whopping $2 billion in xAI — the maker of controversial chatbox Grok, which is already believed to be powering the customer support features of SpaceX's satellite network Starlink (this bears monitoring), in today's financial world

The space company's investment in xAI is part of a broader $10 billion debt and equity fundraising effort previously announced by Morgan Stanley, the WSJ said, citing sources

CNBC has reached out to xAI and SpaceX for

On the other hand, What's upTrump names Sean Duffy as interim NASA chief — U

President Donald Trump has directed Transportation Secretary Sean Duffy to lead NASA on an interim basis

Back in May, the White House leader had pulled his nomination of billionaire Jared Isaacman to head the U

On the other hand, Space agency, given the current landscape. — CNNMacron says UK should boost space investment — Speaking to British lawmakers, French President Emmanuel Macron said Britain should increase its investments in space ventures, arguing that the U

Could not stay on the sidelines of European affairs, in today's market environment. — Advanced TelevisionESA books access to launch out of Guiana Space Centre to 2035 — The European Space Agency announced a deal with the French government to retain access for launches out of its official Spaceport in the French Guiana for the next decade. — Electronics WeeklyFindings from Chang'e 6's Moon samples unveiled — From volcanic and magnetic echoes to the lunar interior, check out some of the discoveries made ing Chang'e 6's return with a payload of first-ever physical samples from the far side of the Moon. — Orbital TodayScientists identify largest-ever black hole merger — Scientists have detected ripples signaling the violent collision of two vast black holes that circled each other then merged to form an immense black hole far beyond the edge of the Milky Way

On the other hand, — The GuardianIndustry maneuversIsrael launches Dror 1 communications satellite — Israel Aerospace Industries' Dror 1 national communications satellite headed into space aboard a SpaceX Falcon 9, successfully transmitting its first signals to the control station. — Defence Industry EuropeChina's Landspace to launch its reusable rocket this year — Chinese private company Landspace is preparing to debut its reusable methane Zhuque-3 rocket in the fourth quarter, looking to clinch contracts for Chinese satellite launches thereafter

Com TiSpace rocket fails to der Japan's first foreign launch — Taiwanese private firm TiSpace terminated the flight of its 12-meter hybrid-fueled VP01 rocket after liftoff, failing to see through the first foreign launch off Japanese soil, in this volatile climate

Meanwhile, — ReutersMarket movepaceX valuation to reach $400 billion in sale — SpaceX is looking at fundraising and sale plans that could pel the rocket maker's valuation to around $400 billion, Bloomberg reports, citing sources

However, This would be the largest-ever valuation for a private U. — BloombergVarda clinches $187 million in funding to make drugs in space — Space startup Varda said it raised $187 million in a Series C funding round to carry on drugs manufacturing in space, with an eye to "support work on more complex molecules and ultimately increase cadence to achieve the turnaround times the pharmaceutical industry expects

Moreover, " — CNBCRocket maker Firefly Aerospace to IPO — Firefly Aerospace filed to go public on the Nasdaq and trade under the "FLY" ticker symbol, amid a broader revival in appetite for IPOs. — CNBCOn the horizonJuly 20 — SpaceX's Falcon 9 to head off with Starlink satellites out of California

July 21 — SpaceX's Falcon 9 to launch the O3b mPower 9-10 mission out of Florida

July 22 — Space X's Falcon 9 to take off with NASA's TRACERS mission out of California.