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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

Updated 18 mins ago - Sports

Olympics dashboard

🚨: Japan's Naomi Osaka lights Olympic cauldron; Photos

👻: How the no-spectator Olympics could affect the athletes

🇺🇸: "What an honor it is to watch you soar," first lady tells U.S. Olympians

🌏: Meet the underdogs from Latin America

🥇: The six new sports at Tokyo 2020

💉 About 100 U.S. Olympic athletes are unvaccinated

✍️ Axios at the Olympics: What it's like inside the opening ceremony

Go deeper: Full Axios coverage

Senate Democrats demand answers on FBI's Kavanaugh probe

Photographer: Andrew Harrer/Bloomberg via Getty Images

Senate Democrats are demanding that the FBI hand over "all records and communications" related to the FBI tip line set up to investigate Supreme Court Justice Brett Kavanaugh when he was a nominee in 2018.

Why it matters: The ask comes after the FBI revealed it received more than 4,500 tips about Kavanaugh when he was awaiting Senate confirmation amid sexual assault allegations. Only the most "relevant" of these tips were forwarded to the Trump White House.

Chip relief on the horizon

Illustration: Sarah Grillo

Good news: The worst of the chip supply crunch might be near.

The other side: Here's the bad news... CEOs say chips totally flowing like normal is still a ways out.