Investment in space companies reaches a new annual record Private investment in space companies reached $3,9 billion in the third quarter of 2021, according to a report by New-York based firm Space Capital. That propels this year to a new annual record of $10,3 billion, exceeding the record of $9,8 billion set in 2020. The quarterly Space Capital report divides investment in the industry into three technology categories: infrastructure, distribution, and application. Infrastructure includes what commonly would be considered as space companies, such as firms that build rockets and satellites. Space companies closing SPAC (special purpose acquisition company) mergers and going public made up a significant portion of the capital raised in the third quarter — with moves completed by Rocket Lab, Spire Global, BlackSky, Momentus, and Redwire. The two largest deals in the quarter were by ORBCOMM, which was taken private for $1,1 billion, and satellite broadband company OneWeb, which raised $550 million.
Bitcoin tops $60,000, as investors eye first US ETFs Bitcoin topped $60,000 for the first time in six months on October 15, nearing its all-time high, as hopes grew that US regulators would allow a futures-based exchange-traded fund (ETF), a move likely to open the path to wider investment in digital assets. Cryptocurrency investors have been waiting for approval of the first US ETF for bitcoin, with bets on such a move fuelling its recent rally. The world’s biggest cryptocurrency rose to $61,869.05, its highest since mid-April, and was last up 6,9 percent at $61,346. It has risen by more than half since September 20 and is closing in on its record high of $64,895 hit in April. The US Securities and Exchange Commission (SEC) is set to allow the first American bitcoin futures ETF to begin trading next week. Such a move would open a new path for investors to gain exposure to the emerging asset, according to traders and analysts. 8 europeanbusinessmagazine.com
