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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Economy Articles

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Scotland’s Bold Plans Seek to Rule European Space Markets

With expertise in small satellites and coastal launch facilities under…

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India P.M. calls safe landing of lunar probe ‘Dawn of a New Era’

Space workers in India celebrated the landing of their Chandrayaan-3…

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Militaries Increase Spending on Space as War Hits Europe, Tensions Rise in Asia

As 2021 ended, Russia launched a ground-based anti-satellite missile, spreading…

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Snapshot: The Global Space Economy, 2022

A snapshot look at 2022 global space economy including commercial…

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The S-Network Space Index℠ First Half 2023 Performance

The S-Network Space Index℠ tracks a global portfolio of publicly…

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Maturing Sectors, Widening Space Applications Spur Commercial Revenues to $427B in 2022

Global commercial space revenue continues to grow, reaching $427.6 billion…

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Global Space Economy Hits $546B Despite 2022’s Economic Turmoil

Last year was a tumultuous time for the global economy.…

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Government Space Spending Growth Slows to 8% in 2022

Government space spending in 2022 totaled nearly $119 billion, 8%…

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Congressional Battles Rattle Space Budgets, With NASA Facing Deepest Cuts

Government space budgets appeared poised for large increases in March…

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