Space startups face uncertainty as US cuts federal spending, report says

Akash Sriram - Reuters - 11/04
U.S. federal budget cuts have started to have some early impact on space startups after funding for such companies dropped 12.5% in the first quarter, according to investment firm Seraphim Space.
April 11 (Reuters) - U.S. federal budget cuts have started to have some early impact on space startups after funding for such companies dropped 12.5% in the first quarter, according to investment firm Seraphim Space.
Elon Musk-led Department of Government Efficiency and the Trump administration have been delaying or cancelling contracts across its agencies to curb federal spending.

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"Within certain government departments, uncertainty is causing delays as they assess which contracts to move forward with," Seraphim Space investment analyst Lucas Bishop said.
Space startups — which garnered $2.1 billion in investments in the first quarter — have largely relied on government contracts over the past few years as rising geopolitical tensions led to a surge in demand for data, imaging and analytics from satellites.
Following strong stock performance of space companies such as Rocket Lab (RKLB.O), opens new tab and Redwire (RDW.N), opens new tab late last year, Voyager Space filed to go public in ...
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