Akash Systems, a San Francisco startup that sells RF power amplifiers for satellites, announced Jan. 30 it has raised $3.1 million in seed round funding, which it plans to use to develop its own line of cubesats.
Despite a lack of “megadeals” involving space companies this year, investor interest in the industry remains strong thanks to several factors, according to one assessment.
Relaxing regulations and lowering some of the hurdles that discourage private firms from working with federal agencies would bolster innovation, according to panelists at the 2017 GEOINT Symposium.
Despite an influx of money being invested in space companies in recent years, investors and analysts warned that there is no guarantee this growth will continue in the coming years.
Large institutional investors have begun to sell their holdings in the stock of the large satellite fleet operators out of fear of an impending oversupply.