Silicon Valley Bank’s Collapse Causes Ripple Effect in Space Industry
The recent collapse of Silicon Valley Bank (SVB) has sent shockwaves through the space industry. SVB was a major lender to many space companies, providing them with capital to fund their operations and launch new projects. With the bank’s sudden closure, many of these companies are now left without a source of financing and are struggling to stay afloat.The impact of SVB’s collapse is far-reaching. Many space companies rely on the bank’s loans to fund their operations and launch new projects. Without access to capital, these companies are unable to