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Space

DoD Needs To Step Up Support For Commercial Space Industry, Silicon Valley Group Says

By Cal Biesecker

Monday, October 2nd, 2023

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DoD Needs To Step Up Support For Commercial Space Industry, Silicon Valley Group Says

Cluster of three HawkEye 360 satellites in low-Earth orbit. Image: HawkEye 360

Private funding in commercial space startups dramatically outpaces government investment but venture capital (VC) could wane if the Defense Department fails to quickly boost its contracting with these companies, potentially depriving the DoD of key space technologies, a group advocating for VC-backed national security companies says in new report. Startup commercial space companies—excluding SpaceX—that make up 33 of the top 100 businesses in the Silicon Valley Defense Group (SVDG) National Security 100 list have raised $7.7 billion in venture funding…

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