Economy

The global space economy reached a new high of $546 billion in 2022, an increase of 8% from a revised 2021 figure of $506 billion. The 2022 figure is 91% greater than a decade ago, and 209% greater than Space Foundation’s first analysis of the 2005 global space economy. As in 2021, nearly 80% of this year’s space spending stemmed from commercial revenue, which is divided into two sectors: Products and Services, and Infrastructure and Support Industries. For the annual analysis of government space spending, Space Foundation reviewed civil government and military spending of 51 governments or cooperative bodies worldwide, relying on publicly disclosed budgets, estimates based on gross domestic product, and, in some cases, correspondence with government officials. Articles in this section feature quarterly analysis of market activity, merger and acquisitions, and government and commercial spending and revenue.  

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