record: $1.9 Billion Invested In space travel Startups due to the fact that 2014

a brand new record says space travel startups have raised a striking $1.9 billion for the reason that 2014. challenge capital database CB Insights launched the report, titled “future of Frontier Tech,” which additionally says that drone startups have raised $285 million considering that 2014 and virtual/augmented fact corporations $1 billion.

while the record says SpaceX has dominated space startup funding, different players akin to Google (via its buy of satellite firm Skybox) and Planet Labs (thru its acquisition of geospatial product RapidEye), as well as the $63.5 million IPO of Urthecast (which locations publicly obtainable cameras on the world house Station), are accountable for a lot of the $1.9 billion figure.

within the greater “frontier tech” house, which CB Insights defines as “know-how associated to drones, space, augmented truth, and digital fact,” Google, Qualcomm, Airware, and Bosch are the biggest players in investment and acquisitions. as a result of NASA’s determination to include personal area trip, funding within the box has been booming. so much of the funding is also as a result of the expansion of micro-satellites—tiny, low-cost satellites that may be launched by way of extraordinary corporations and even high school students.