By Akash Sriram

(Reuters) -Global space investment hit a record $3.5 billion in the third quarter, driven by a wider range of startups and continued defense spending, according to a report released Friday by space-focused investment firm Seraphim Space.

Investments, from rocket-makers to low‑Earth‑orbit satellites, jumped from $1.79 billion in the same period last year, solidifying space as a leading growth sector in technology alongside AI.

Analysts said the record quarter reflects a maturing market, with investment now spread across more companies rather than being dominated by a handful of big-ticket deals.

“Historically, most of the capital in the sector was concentrated in just a couple of players, SpaceX and OneWeb,” said Lucas Bishop, investment associate at Seraphim Space.

“Wh

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