{"id":12773,"date":"2023-04-12T16:31:31","date_gmt":"2023-04-12T16:31:31","guid":{"rendered":"http:\/\/TheNextWeb=1395465"},"modified":"2023-04-12T16:31:31","modified_gmt":"2023-04-12T16:31:31","slug":"europe-surpasses-us-in-private-spacetech-investment-for-first-time-report-finds","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=12773","title":{"rendered":"Europe surpasses US in private spacetech investment for first time, report finds"},"content":{"rendered":"\n

For the first time ever, Europe has surpassed the US in private spacetech investment, according to new research<\/span>.<\/p>\n

A study by Seraphim<\/a>, a leading spacetech VC firm, found the European sector attracted $565m in the first quarter of this year. The whole of North America, meanwhile, raised $456m. Asia followed, with investments of $306m, while the rest of the world totalled around $29m.<\/p>\n

The figures made Europe the world\u2019s biggest market for private spacetech funding<\/a>.<\/p>\n

The quarterly investment in Europe hit almost 50% of the entire previous year. In contrast, US investment has fallen further compared to 2022. Asia was the only region that experienced growth last year, but could not maintain that trend last quarter, and lost its lead over Europe.<\/span><\/p>\n

\"Europeaninvestment
<\/i><\/a>US investments have shrunk dramatically since 2021, but Europe is on track to exceed 2022\u2019s funding. Credit: Seraphim Space<\/figcaption>