What Happened
Record-Breaking Float Could Attract New Investors To Sector
SpaceX’s record-breaking IPO could have a significant impact on the European space tech industry, with investors poised to pour more capital into the sector. European space tech startups have already raised over €2 billion in VC funding this year, and the IPO may attract new investors, including generalist VCs, sovereign wealth funds, and PE firms. According to industry experts, defense spending and sovereignty concerns are driving space tech investment in Europe, with the sector expected to become a key investment theme for VCs in the region. This development was reported by PitchBook.