Global space activity by category, 2007-2027

Global space activity by category, 2007-2027Global space activity by category, 2007-2027

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. Commercial space continues to make up the majority (78%) of this total, but preliminary data shows that 81% of governments with space programs increased spending in 2023.

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Space insurance industry estimates, 2003-2022

Space insurance industry estimates, 2003-2022Space insurance industry estimates, 2003-2022

As satellites get smaller and cheaper and companies pivot to building LEO constellations rather than purchasing single large satellites for GEO orbit, many operators are foregoing insurance after launch altogether.

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Launch Attempts and Deployed Payloads, 1983-2022

Two items stand out as primary examples of astronomers’ concerns: the SpaceX Starlink constellation due to its number of satellites and AST SpaceMobile’s BlueWalker 3 satellite due to its size — 693 square feet6 — which ranks as the largest commercial communications array in space.

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Orbital Launch Attempts, 1957-2023

The number of U.S. launch at- tempts climbed from 87 in 2022 to 116 last year. The number of U.S. launches has more than doubled since 2021, which saw 51 launch attempts.

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