2022

Launch value by market, 2019-2023

The market value of uncrewed commercial launches conducted in 2023 was $3.9 billion. This is an increase of 35% compared to the $2.9 billion in revenue in 2022, driven largely by the accelerating deployment of the Starlink constellation.

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Top three commercial space sectors, 2019-2023

Commercial revenues totaled $445 billion in 2023, 6.5% higher than the prior year. Position, Navigation, and Timing (PNT) increased slower than overall commercial revenues, growing 5.4% last year. Despite the smaller magnitude of the Ground Stations and Equipment revenues (about half the size of PNT), the category grew 18% in 2023. Direct-to-Home Television, the third-largest category, continued its gradual five-year decline.Commercial revenues totaled $445 billion in 2023, 6.5% higher than the prior year. Position, Navigation, and Timing (PNT) increased slower than overall commercial revenues, growing 5.4% last year. Despite the smaller magnitude of the Ground Stations and Equipment revenues (about half the size of PNT), the category grew 18% in 2023. Direct-to-Home Television, the third-largest category, continued its gradual five-year decline.

Commercial revenues totaled $445 billion in 2023, 6.5% higher than the prior year. Position, Navigation, and Timing (PNT) increased slower than overall commercial revenues, growing 5.4% last year. Despite the smaller magnitude of the Ground Stations and Equipment revenues (about half the size of PNT), the category grew 18% in 2023. Direct-to-Home Television, the third-largest category, continued its gradual five-year decline.

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NASA commercial contracts awarded, 2016-2023

Through the CLPS initiative, NASA is working with 14 American companies to provide payload integration to, and surface operations on, the Moon. The initiative holds a cumulative maximum contract value of $2.6 billion through 2028.

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Global space activity by category, 2005-2023

Commercial space revenues, which make up the majority of the space economy, grew 6.5% in 2023 to reach $445 billion. Government space spending increased by double digits for the third year in a row and reached a peak in the proportion of nations increasing their space budgets.Commercial space revenues, which make up the majority of the space economy, grew 6.5% in 2023 to reach $445 billion. Government space spending increased by double digits for the third year in a row and reached a peak in the proportion of nations increasing their space budgets.

Commercial space revenues, which make up the majority of the space economy, grew 6.5% in 2023 to reach $445 billion. Government space spending increased by double digits for the third year in a row and reached a peak in the proportion of nations increasing their space budgets.

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NASA goes full throttle for Artemis, cuts other programs

Faced with a budget capped at 2023 levels, NASA is striving to save its lunar ambitions, laying off employees and cutting programs in favor of the Moon. It is a pivot for the agency, which had warned budget cuts contemplated by Congress in 2023 could endanger Artemis.Faced with a budget capped at 2023 levels, NASA is striving to save its lunar ambitions, laying off employees and cutting programs in favor of the Moon. It is a pivot for the agency, which had warned budget cuts contemplated by Congress in 2023 could endanger Artemis.

Faced with a budget capped at 2023 levels, NASA is striving to save its lunar ambitions, laying off employees and cutting programs in favor of the Moon. It is a pivot for the agency, which had warned budget cuts contemplated by Congress in 2023 could endanger Artemis.

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Satellites central to 2023’s record defense spending

Led by the United States with $835 billion in total defense spending, military budgets around the world grew to record levels in 2023 and appear on track for another record year in 2024, driven by increased tensions in Asia, the outbreak of war between Israel and militant groups, and the grinding conflict in Ukraine.Led by the United States with $835 billion in total defense spending, military budgets around the world grew to record levels in 2023 and appear on track for another record year in 2024, driven by increased tensions in Asia, the outbreak of war between Israel and militant groups, and the grinding conflict in Ukraine.

Led by the United States with $835 billion in total defense spending, military budgets around the world grew to record levels in 2023 and appear on track for another record year in 2024, driven by increased tensions in Asia, the outbreak of war between Israel and militant groups, and the grinding conflict in Ukraine.

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