The July-September period, which analysts usually see it as a weak quarter, saw a 17% rise in funding to $3 billion for 103 companies, venture capital firm Space Capital said in the report.
The upbeat figures could mean that investors are returning to startups that could tap government funding and develop tech crucial to space programs.
The companies funded in the third quarter included Axiom Space which raised $350 million, and Sierra Space which saw an inflow of $290 million.
"Despite continued headwinds in financial markets, the world is waking up to the importance of space-based technologies," Space Capital said.
Reporting by Jaspreet Singh and Akash Sriram in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.
Persons:
Jaspreet Singh, Akash Sriram, Shilpi Majumdar
Organizations:
Space Capital, Investments, Reuters, Thomson
Locations:
Bengaluru