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Space startup funding set for boost from US-China rivalry in 2025

Space startup funding set for boost from US-China rivalry in 2025

FILE PHOTO: A satellite model is placed on a picture of Earth in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Funding in the space industry is set to receive a boost this year from growing U.S.-China tensions, after startups in the sector clocked $8.6 billion in investments in 2024, according to a report by investment firm Seraphim Space.

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