Economy

The global space economy reached a new high of $570 billion in 2023, an increase of 7.4% from a revised 2022 figure of $531 billion. The 2023 figure is 96% greater than a decade ago, and 223% greater than Space Foundation’s first analysis of the 2005 global space economy. As in 2022, nearly 80% of this year’s space spending stemmed from commercial revenue, which is divided into two sectors: Space 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 54 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.  

Browse All Articles