Space Investment Quarterly: Q2 2025

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PUBLISHED
July 10, 2025
BY

From delayed Starship launches to billion-dollar European deals, Q2 reshaped the global landscape.

  • Space IPOs heat up: Newly public space tech companies saw explosive first-day gains, but past patterns suggest a rocky road ahead.
  • Europe’s bold bets: Governments and primes are investing billions to reduce reliance on U.S. systems and build sovereign space capabilities.
  • U.S. budget cuts loom: Proposed reductions to NASA and NRO funding could undercut civil and defense space programs just as global competition intensifies.

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Space Investment Quarterly: Q2 2025

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