TAMPA, Fla. — Early-stage investor Space Capital said global investments in core space infrastructure climbed to a five-quarter high of $4.4 billion over the three months to the end of September, amid a breakout year for U.S. satellite manufacturing.

Record activity in the Chinese launch industry also contributed to a 12% quarter-on-quarter increase for what the firm classifies as space infrastructure: the hardware and software used to build, launch and operate assets in orbit.

Beijing-based Galactic Energy, for example, recently raised $336 million in what appears China’s largest disclosed round for a launch startup to support rocket development.

“From what we’re seeing, China’s surge in launch investments underscores the scale of industrial mobilization now underway,” Space Capital

See Full Page