"2023: A Landmark Year for Space Exploration Milestones"

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Source: Forbes
"2023: A Landmark Year for Space Exploration Milestones"
Photo: Forbes
TL;DR Summary

The space economy has seen a decline in venture capital investments in 2023, but still attracted over $11 billion across 289 deals, with infrastructure investments leading growth. Despite setbacks like SpaceX's Starship failures and other rocket companies' launch issues, the industry continues to advance with milestones such as India's successful Moon landing, proofs of concept for asteroid mining, and the tripling of traffic for SpaceX's Starlink internet service. Competition in the space internet sector is heating up with companies like EutelSat Oneweb, AST SpaceMobile, and Amazon's Project Kuiper making strides.

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