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.
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U.S. Space Force impacting Colorado space industry
With nearly half the force’s service members stationed on bases…

Space Force gets $50 million cut for ’25, NASA stays flat
The Space Force is facing a $50 million cut for…

Nation in Review: New Zealand
New Zealand is developing a commercial-first approach with government in…

Nation in Review: Sweden
Sweden is becoming an increasingly important actor within the international…

SNAPSHOT: Quilty Space 2025 Q1 transactional update
Deal activity in the space ecosystem maintained its momentum in…

Investors in ’25 remain bullish on the space economy
Bullish on the space economy in '25. A recent Space…
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