Investors

The state of the space industry

Earth from space
Earth from space. Photo: NASA

2019 was a record year for investment in the space industry, according to a report from the investment firm Space Angels.

Why it matters: The report paints a picture of an industry that's coming of age, with total investment in 2019 reaching $5.8 billion, up 73% from 2018 and exceeding 2017's record-setting year that saw $5.1 billion of investment.

Investors poured record cash into bonds last week

Data: Investment Company Institute; Chart: Naema Ahmed/Axios

More money flowed into bond funds last week than at any time in at least seven years, data from the Investment Company Institute released Wednesday showed.

Why it matters: The S&P 500 gained 30% last year and the stock market has delivered strong returns so far in 2020, but investors continue to buy safe-haven bonds and sell stocks.