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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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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Quilty Analytics Q2 2023 Quarterly Transactional Update

Transaction activity in the space and satellite sector echoed broader…

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Quilty Analytics 2023 Q1 Quarterly Transactional Update

After gearing down in mid-2022, transaction volumes across the satellite…

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NASA’s Economic Benefits Span 50 States, Generating Innovation, Growth

In 2021,NASA generated more than $71 billion in economic output,…

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Insight: Economics, Not Just Exploration, Will Transform Space

The future of human activities in space will be determined…

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U.S. Budget Proposals for 2024 Would Add $5 Billion in Space Spending

Unclassified federal space spending would top $60 billion in 2024…

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New Congress Names Space Committee Leaders

With Republicans reclaiming a narrow majority in the U.S. House,…

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