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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The S-Network Space Index℠ 2023 Performance
The S-Network Space Index℠ tracks a global portfolio of publicly…
Senate Approves Bill to Limit Space Debris Amid Budget Battles
A measure aimed at reducing space debris has passed the…
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…
Read ArticleAs Russia, India Reach for Moon, NASA Supporters Work to Stop Budget Cuts
As India and Russia race to land spacecraft on the…
Read ArticleMilitaries Increase Spending on Space as War Hits Europe, Tensions Rise in Asia
As 2021 ended, Russia launched a ground-based anti-satellite missile, spreading…
Read ArticleSnapshot: The Global Space Economy, 2022
A snapshot look at 2022 global space economy including commercial…
Read ArticleThe S-Network Space Index℠ First Half 2023 Performance
The S-Network Space Index℠ tracks a global portfolio of publicly…
Read ArticleMaturing Sectors, Widening Space Applications Spur Commercial Revenues to $427B in 2022
Global commercial space revenue continues to grow, reaching $427.6 billion…
Read ArticleGlobal Space Economy Hits $546B Despite 2022’s Economic Turmoil
Last year was a tumultuous time for the global economy.…
Read ArticleGovernment Space Spending Growth Slows to 8% in 2022
Government space spending in 2022 totaled nearly $119 billion, 8%…
Read ArticleCongressional Battles Rattle Space Budgets, With NASA Facing Deepest Cuts
Government space budgets appeared poised for large increases in March…
Read ArticleQuilty Analytics Q2 2023 Quarterly Transactional Update
Transaction activity in the space and satellite sector echoed broader…
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