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...
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