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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Defense Spending Increase Targets Commercial and Military Satellite Protection

Defense space initiatives received an additional $2.2 billion in appropriations…

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November Space Council Meetings Could Shape Commercial Regulations

The National Space Council asked for comment on new commercial…

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U.S. Defense Strategy Document Pledges Commercial Space Protection

In a first-of-its-kind shift in stated strategy, the Biden Administration…

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Nation in Review: Bahrain

The kingdom of Bahrain is the smallest country in the…

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Budget Gridlock Delays Spending on New U.S. Space Programs

Congressional gridlock delayed a 2023 spending plan for U.S. government…

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Quilty Analytics Q3 22 Quarterly Transactional Update:

The macro environment and public equity market conditions remained highly…

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Rivals Launch Military Satellites Amid U.S.-led Space Defense Drills

A flurry of military and intelligence satellite launches by rival…

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Solving Space Junk Problem Could Net Federal Prize

A grand prize could be in the offing for inventors…

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Space Matters: Experts Call for More Governance in LEO

The Wild West regulatory environment in low Earth orbit was…

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