It’s widely understood that the global space economy, now valued at $546bn, stands at an inflection point both financially and politically.
That momentum was on full display at our recent industry event featuring leaders from Type One Ventures, Axiom Space, and Space Forge – whose announcement of a record-breaking £22.6m Series A marked the largest early-stage raise in UK space tech history. One message from our event that was loud and clear was that what once was a niche sector has transformed into a foundational pillar of future economic growth.
Fortunately, the UK has positioned itself as a leader in this transformation, home to major innovation R&D hubs, clusters and pioneering space tech start-ups. However, despite this success in early-stage innovation, the country is increasingly lacking the financial and regulatory infrastructure needed to support these companies as they scale into globally competitive ventures….
