New-Space Startups Have Burned $848M In Cash in 2023, Analysts Say

Falcon 9

Credit: SpaceX/Chris Thompson
Space launch activity reached an all-time high in 2023, but public new-space company valuations remain pressured as focus increasingly shifts toward profitability from outer space endeavors. Morgan Stanley analysts said Dec. 1 that there were 194 global orbital launch attempts year to date. The U.S...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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