Space tech funding is set to skyrocket, says Adam Niewinski of OTB Ventures

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The space technology sector is on the verge of a massive funding boom, according to Adam Niewinski, Co-Founder of OTB Ventures.

In an interview to CNBC-TV18, Niewinski emphasised that while venture capital-backed space tech startups secured $6 billion in funding in 2024, the amount is poised to increase significantly in the near future.

“The number for 2024, it’s not that big. I believe it’s going to be much bigger soon,” Niewinski stated. He pointed out that space tech is as crucial as artificial intelligence, with both fields playing a vital role in…



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Space tech funding is set to skyrocket, says Adam Niewinski of OTB Ventures


The space technology sector is on the verge of a massive funding boom, according to Adam Niewinski, Co-Founder of OTB Ventures.

In an interview to CNBC-TV18, Niewinski emphasised that while venture capital-backed space tech startups secured $6 billion in funding in 2024, the amount is poised to increase significantly in the near future.

“The number for 2024, it’s not that big. I believe it’s going to be much bigger soon,” Niewinski stated. He pointed out that space tech is as crucial as artificial intelligence, with both fields playing a vital role in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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