Space Industry Warned of Recession Impact Written 12 July 2022
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A United Launch Alliance Delta 4-heavy rocket on the launch pad at Cape Canaveral Air Force Station. | Associated Press–©
Space News reports that United Launch Alliance CEO Tory Bruno on Monday warned of the negative impact on the space industry by a possible recession. Quilty Analytics reported, “We expect the slowdown in public capital markets activity to continue, at least in the near-term, until market volatility remains subdued for a sufficient period of time.” Bruno noted the current environment is not favorable for high-risk investments, including those in the space sector. Bruno added, “There may be some companies that would have been great to have saved. But the ones that do get invested in are going to get a lot more attention and have a better chance of surviving.”
Full Story (Space News)