How the space industry is weathering the coronavirus pandemic

The COVID-19 pandemic has taken a sledgehammer to the economy — and the space industry is no exception. While some major space companies are still in operation, considered essential by the US government, smaller startups are grappling with how to move forward as once-reliable funding sources evaporate.

Before the pandemic, the global space industry was really coming into its stride, valued at around $360 billion, according to one analysis. In the US, an eclectic mix of major players and smaller startups comprise this sector, pursuing established markets like building rockets and satellites as well as more niche services like creating space habitats, mining the Moon, and manufacturing in space. For the last few years, space startups with…

Continue reading…