SAN FRANCISCO – Past calendar year was tough for quite a few space startups.
Overall expenditure dropped 58 % from its $47.4 billion peak in 2021 to $20.1 billion in 2022. However, Chad Anderson, Area Funds controlling husband or wife, thinks the downturn will make the sector much more resilient.
“We see the shift absent from momentum investing and back to a target on fundamentals as a internet positive for the house economy, due to the fact it will reward high quality companies and self-control these that have weaker fundamentals and are battling to execute,” Anderson said by e mail.