Space Investment Quarterly: Q3 2025

The latest Space IQ shows capital swinging decisively toward defense-driven infrastructure, as founders and investors align around the architectural demands of Golden Dome.

Key insights:

• Q3 funding resilience keeps 2025 on track for a top-three investment year, driven by growing defense demand
• Infrastructure surged to a five-quarter high led by a breakout year in U.S. satellite manufacturing; Chinese launch hit records
• AI models are maturing as the industry focuses on ‘world models’ and national-security applications‍
• Emerging Industries set new highs amid growing demand in orbital servicing, space situational awareness, and energy systems for deep-space operations

This report offers a closer look at how investors are doubling down on defense, dual-use infrastructure, and space intelligence.;