Economy
The global space economy reached a new high of nearly $447 billion in 2020, an increase of 4.4% from a revised 2019 figure of $428 billion. The 2020 figure is 55% greater than a decade ago, and 176% greater than Space Foundation’s first such analysis of the 2005 global space economy. As in 2019, 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 36 governments or cooperative bodies worldwide, relying on publicly disclosed budgets, media reports, 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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Space Force Unveils Antisatellite Weapons Program, Reserve Branch Plans at Senate Hearing
Space Force leaders pulled back the veil of secrecy on…

Quilty Analytics 2023 Q1 Quarterly Transactional Update
After gearing down in mid-2022, transaction volumes across the satellite…

NASA’s Economic Benefits Span 50 States, Generating Innovation, Growth
In 2021,NASA generated more than $71 billion in economic output,…

Insight: Economics, Not Just Exploration, Will Transform Space
The future of human activities in space will be determined…

U.S. Budget Proposals for 2024 Would Add $5 Billion in Space Spending
Unclassified federal space spending would top $60 billion in 2024…

New Congress Names Space Committee Leaders
With Republicans reclaiming a narrow majority in the U.S. House,…
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