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# Private space investment declined in 2022 amid global economic downturn
- URL: https://www.techloy.com/space-investment-declined-in-2022-amid-global-economic-downturn/
- Published: 2023-01-20T08:28:54.000Z
- Updated: 2023-01-20T08:28:54.000Z
- Author: Emmanuel Oyedeji
- Tags: / Money, Space Tech

Following a record year in 2021, private investment in the space sector declined by 58% to $20.1 billion in 2022, the lowest annual total since 2015, according to a new [Space Investment Quarterly report](https://www.spacecapital.com/quarterly) from the firm *Space Capital*.

The report cited several factors for the pullback, including an inflationary environment, a challenging investment environment, and a continued economic recovery from the COVID-19 pandemic.

While early-stage investments proved to be resilient, decreasing only 4% YoY with over 277 deals closed, the large decline came in late- and growth-stage companies.

SpaceX maintained its strong momentum, raising $2.0 billion in 2022, setting the company's second-highest annual fundraising record, after raising $2.6 billion in 2020.

### Private Equity Market Investment

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2023/01/Screen-Shot-2023-01-19-at-5.25.34-PM.png)

Source: Space Capital