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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

The hard math behind America's labor shortage

Data: Bureau of Labor Statistics, Congressional Budget Office; Chart: Axios Visuals

Yes, the pandemic has created unusual temporary labor market dynamics. But in the bigger picture, the 2010s were a golden age for companies seeking cheap labor. The 2020s are not.

The big picture: In the 2010s, the massive millennial generation was entering the workforce, the massive baby bo0m generation was still hard at work, and there was a multi-year hangover from the deep recession caused by the global financial crisis.

Advocates fret Roe v. Wade's 49th anniversary could be its last

Photo: Leigh Vogel/Getty Images for Women's March Inc

As Saturday marks the 49th anniversary of Roe v. Wade, the Supreme Court's landmark decision that legalized abortion access in the U.S., advocates warn the ruling is "more at risk now than ever."

The big picture: The Supreme Court in December heard a challenge to a Mississippi 15-week abortion ban that could throw Roe's survival into question, or at least narrow its scope.

Updated 14 hours ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: Pfizer and Moderna boosters overwhelmingly prevent Omicron hospitalizations, CDC finds — Omicron pushes COVID deaths toward 2,000 per day — The pandemic-proof health care giant.
  2. Vaccines: The case for Operation Warp Speed 2.0 — Starbucks drops worker vaccine or test requirement after SCOTUS ruling — Kids' COVID vaccination rates are particularly low in rural America.
  3. Politics: Biden concedes U.S. should have done more testing — Arizona says it "will not be intimidated" by Biden on anti-mask school policies — Federal judge blocks Biden's vaccine mandate for federal workers.
  4. World: American Airlines flight to London forced to turn around over mask dispute — WHO: COVID health emergency could end this year — Greece imposes vaccine mandate for people 60 and older — Austria approves COVID vaccine mandate for adults.
  5. Variant tracker