Space industry warned to prepare for impact from lurking recession

Some companies in the space industry may not survive the coming headwinds in the U.S. and global economies, United Launch Alliance CEO Tory Bruno said July 11. “I think we’re really looking at a sea state change,” Bruno said at the Space Innovation Summit, an online event Economists and financial analysts are predicting an economic slowdown. Quilty Analytics, a market research firm focused on the space industry, noted that there were no public equity financings completed during the month of June. More

(Source: SpaceNews - Jul 13)