SNAPSHOT: Global space economy

Top 3 commercial space sectors, 2015-2022Top 3 commercial space sectors, 2015-2022

The global space economy totaled $546 billion in 2022, 8% higher than 2021 — and it could reach $772 billion by 2027, according to Space Foundation analysis.

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SNAPSHOT: New launch vehicles

The launches included successful maiden flights for three new launch vehicles. With a dozen more new launch vehicles expected to debut, 2024 appears poised to be a game-changing year in orbital flight.

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Launch Attempts by Country and Category, 2023

The United States launched 11 military missions in the year, including payloads for the National Reconnaissance Office and a new generation of small communications satellites for the Space Development Agency. Russia launched 10 civil government missions in 2023, including Soyuz launches to send crews to the International Space Station, which remains one area of cooperation between the Kremlin and NASA. India made headlines with its successful launch of a lunar probe while the European Space Agency, awaiting its new Ariane-6 launch vehicle, launched three spacecraft including its Euclid space observatory.

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Launch Attempts by Select Nations, 2022-2023

The record number of launches came despite delays that pushed the debuts of several long-anticipated launch vehicles into 2024. It was the third consecutive year to shatter launch records, despite a decline in European and Russian launches.

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