Space Capital is dedicated to advancing diversity and racial equality and we will continue to take steps to do so. We must commit to addressing this issue and make it a priority. The moment to create intentional racial equity in venture capital is now.
With $767 million invested into Space companies in the fourth quarter, total funding for the year has reached $5.8 billion, making 2019 the largest year on record for Space investment. Cumulatively, $25.7 billion has now been invested into 535 unique space companies since 2009.
While today's private launch statistics are certainly exciting, it's taken a while for entrepreneurial launch providers to reach such highs. It's worth considering the challenges and pitfalls faced by early private launch pioneers in order to appreciate just how far we've come.