Investors take long-term view of space industry amid near-term challenges

PARIS — Despite near-term headwinds in the economy and the markets, executives and investors remain bullish about the space industry’s long-term prospects.

A panel at the World Satellite Business Week conference here Sept. 12 acknowledged a decline in enthusiasm for space investment in the last year but argued the fundamentals of the industry remained strong.

“The demand side of space has not changed at all, even though there are a number of concerns about the direction of the economy,” said Peter Cannito, chairman and chief executive of Redwire. “The space industry is a port in the storm, and one of the reasons for this is the critical roles that governments play in providing a stable environment for space demand.”

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