Space businesses are under pressure to adapt as artificial intelligence and shifting geopolitics reshape their industry in ways that are still coming into focus.

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Investors are preparing for the incoming Trump administration to expand the defense budgets driving the space industry’s growth.

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Seraphim Space announced the 11 startups joining the 14th round of its networking and mentoring accelerator program, which it said Oct. 7 has helped ventures raise more than $540 million since 2018.

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Space startups will need to step up their fundraising efforts if they want to raise money this year from increasingly meticulous investors, according to a panel of early-stage space investment firms.

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Attracting and retaining talent is becoming a bigger concern for the space industry than securing investments, according to early-stage space investors speaking at the Satellite 2022 trade show here. 

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QuadSat, a Danish company focused on testing and calibrating satellite antennas with quadcopters drones, plans to recruit satellite engineers with 700,000 euros ($796,000) raised in a seed investment round announced Jan. 16.

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