PARIS — U.S. and European space venture capital investors debated whether the U.S. market is so overvalued that a healthy sector consolidation will not occur, or whether recent stock-market introductions would push companies to deploy cash for M&A.
It was a recurring debate at the Dec. 13-16 Euroconsult World Satellite Business Week. Some said the more moderate valuations of European space startups would make consolidation more likely than in the U.S., where even non-public New Space companies can command valuations that will scare . . .
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