
Space Startup Investment Hits Post-SPAC High Without VC
Space startup funding hit its highest level since the SPAC boom, driven by government contracts, corporate deals, and sovereign wealth over VC.
- Space startup funding hit $4.3 billion in Q1 2026, the highest since the SPAC frenzy, but VC now accounts for under 28%
- Government contracts and grants represent the largest funding category at 34%, surpassing traditional venture capital
- Sovereign wealth funds, infrastructure bonds, and revenue-based lending are replacing VC as primary space investment drivers


