By Akash Sriram Sept 23 (Reuters) - Private investment in space companies globally climbed to $23 billion in the year through June, more than double the $9.7 billion raised a year earlier, according to a report by Relm Insurance and British investment firm Seraphim on Wednesday. SpaceX's June IPO has reshaped the funding landscape for the sector, drawing in new investors as venture firms look for the next space company capable of a similar payoff. Investors are funneling capital toward companies that can show operational proof rather than early-stage promise, with the space economy moving from "hype to commercial reality", according to the report covering Earth observation (EO), in-orbit manufacturing and satellite supply chains.
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