2023


Commercial space revenues climb to $445 billion in 2023

Commercial space activity has grown rapidly in recent years, although definitions for this activity vary. For the purposes of this analysis, commercial space activity is defined to include products sold to private customers and efforts undertaken by private industry in which private actors take on a significant portion of the financial riskCommercial space activity has grown rapidly in recent years, although definitions for this activity vary. For the purposes of this analysis, commercial space activity is defined to include products sold to private customers and efforts undertaken by private industry in which private actors take on a significant portion of the financial risk

Commercial space activity has grown rapidly in recent years, although definitions for this activity vary. For the purposes of this analysis, commercial space activity is defined to include products sold to private customers and efforts undertaken by private industry in which private actors take on a significant portion of the financial risk.

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NASA cancels VIPER Moon rover amid budget concerns

The metallic front of the VIPER lunar rover in a NASA labThe metallic front of the VIPER lunar rover in a NASA lab

After $450 million and six years of work, NASA will not be exploring lunar ice with its new rover. The Volatiles Investigating Polar Exploration Rover (VIPER) is already built, and the rocket is still scheduled to launch next year, but the rover will remain on Earth.

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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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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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