For new space and advanced air mobility startups, the past two years have been a heady experience of investment, mergers with special purpose acquisition companies and high-risk plays into segments of the aerospace and defense industry that were mere dreams a decade ago.

In this week’s Check 6 podcast, Aviation Week veterans Carole Hedden, Michael Bruno and Graham Warwick look at what has worked to the benefit of these startups and what they face moving forward … in an economy that sees rising interest rates, higher risk, and more careful use of the cash available.