Joe Williams
Published April 09, 2019. |. SpaceX | FOXBusiness

NASA Administrator Jim Bridenstine on the agency’s plans to use a commercial rocket for the next Orion crew capsule and the possibility a woman could be the next person to walk on the Moon.

Investors poured a record $3.2 billion into the U.S. space industry in 2018, according to a new study released on Tuesday, spanning both early- and late-stage startups and underscored by increasing interest from venture capitalists. 

Overall, nearly $22 billion in outside investment flowed into the sector in the past 18 years, Bryce Space and Technology wrote in its yearly analysis. In 2018, a $750 million investment in Blue Origin from owner and Amazon founder Jeff Bezos and multiple funding rounds at Elon Musk-owned SpaceX helped drive a 26 percent increase over 2017. 

While interest balloons — including from major U.S. companies like Boeing, Goldman Sachs and Morgan Stanley, who all funded space startups in 2018 — perils remain as early-stage companies grapple with developing a sustainable, commercial business model. 

“Some maturing ventures are now generating revenue, but many startup space companies have not yet definitively demonstrated business case success. The overall viability of the start-up space ecosystem will be a critical topic in the next several years,” Bryce wrote in its report.

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