Bumps and bruises are perfectly normal for emerging companies, particularly tech start-ups. But the rapidly evolving and highly mysterious business of space presents obstacles on a much grander scale.
Venture Money Fuels a Fleet of Space Startups
Nonetheless, Silicon Valley venture capitalists are betting big, pouring $1.7 billion into space-related companies this year, according to CB Insights. Even if you exclude the $1 billion of that raised just by Elon Musk’s SpaceX, the market has still attracted almost twice as much money in 2015 as in the past three years combined.
This article originally appeared on Recode.net.
