A SpaceX rocket launch timelapse. Photo: SpaceX

Space-focused startups raked in $5.7 billion in financing in 2019, far surpassing the $3.5 billion raised in 2018, according to a new report from Bryce Space and Technology.

Why it matters: The report and others like it show investors still see the industry — buoyed by investor interest and new international companies — as ripe for investment.

  • "I think this is certainly showing a very dynamic market — a lot of interest in the sector," Janice Starzyk, Bryce's vice president of commercial space, told Axios.

Details: SpaceX, Blue Origin, OneWeb and Virgin Galactic accounted for about 70% of the investment tracked in the report.

  • The report also shows companies outside of the U.S. are getting more investment attention than in years past, in part because of the emergence of Chinese companies breaking into the launch sector.
  • "Last year, the No. 2 company would be the U.K., but now China has really shot up and is taking over as a big growth engine," Starzyk said.

Between the lines: Starzyk advises those interested in investing in space to look for opportunities beyond rocket companies — for example, companies building ground segments or other, less sexy parts of the industry.

The big picture: There are still major questions about where the space industry and investment in it will go from here, including when companies might become profitable.

  • Last year also saw a number of high-profile exits from the industry — including Vector Space's bankruptcy — that are spurring fears there might be a slowdown for industry investment in the near future.

Go deeper: Investors are putting big money in small rocket companies

Go deeper

Zeta, now a Category 2 Hurricane, makes landfall on Louisiana coast

The probable path of Zeta, per the National Hurricane Center. Photo: NHC/NOAA

Zeta, classified as a "significant" Category 2 hurricane, made landfall along the southeastern coast of Louisiana on Wednesday evening, according to the National Hurricane Center.

The state of play: Louisiana Gov. John Bel Edwards (D) requested a pre-landfall Emergency Declaration in a letter to President Trump on Tuesday. The hurricane is producing 110-mph maximum sustained winds and stronger gusts. The core of Zeta — including its destructive eyewall — moved ashore near Cocodrie.

Supreme Court won't expedite Pennsylvania GOP's request to block mail-in ballot extension

Amy Coney Barrett being sworn in by Chief Justice John Roberts. Photo: Fred Schilling/Collection of the Supreme Court of the United States via Getty Images

The Supreme Court voted 5-3 on Wednesday to deny a bid from Pennsylvania Republicans to expedite their request to shorten the deadline for receiving mail-in ballots. Newly-confirmed Justice Amy Coney Barrett did not participate in the decision.

Why it matters: A lower court ruling allowing ballots to be counted until 5 p.m. on Nov. 6, as long as they are postmarked by Election Day, will remain in place for now. Conservative Justices Alito, Thomas and Gorsuch wrote in a separate opinion that it's too close to the election to take up the case, but it could still be reviewed after the election if late-arriving ballots make a difference.

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Europe faces "stronger and deadlier" coronavirus wave

Paris under curfew. Photo: Kiran Ridley/Getty Images

The coronavirus is still winning: Now even Germany is entering another national lockdown, joined by France.

Why it matters: France has been "overpowered by a second wave,” President Emmanuel Macron said in a nationally televised address today. Macron said the "new wave will be stronger and deadlier" than the first.