November 30, 2020

Update on space-financing rounds in November 2020

November’s space financing activity was clearly dominated by the US$500 million round by American rocket company Relativity Space, known for its extensive use of 3D printing in its manufacturing process. The round, which was subscribed by existing and new investors, occurred at at an eye-watering (considering the company has not flown to orbit yet) post-money valuation of US$2.3 billion.

M&A continued with notable deals being Raytheon’s acquisition of Blue Canyon, Voyager’s of The Launch Company and Parson Corporation’s of Braxton Science & Technology Group.

Albeit we are nearing the end of 2020, the month of December looks promising: we are aware of several funding rounds about to be announced, in addition to other potential significant space newsflow that includes a likely test flight of SpaceX’s Starship and a second orbital attempt by VirginOrbit’s air-launched LauncherOne rocket.

Originally published here.