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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India P.M. Calls Safe Landing of Lunar Probe ‘Dawn of a New Era’
Space workers celebrate lunar landing of the India's Chandrayaan-3 probe, making…

As Russia, India Reach for Moon, NASA Supporters Work to Stop Budget Cuts
As India and Russia race to land spacecraft on the…

Militaries Increase Spending on Space as War Hits Europe, Tensions Rise in Asia
As 2021 ended, Russia launched a ground-based anti-satellite missile, spreading…

Snapshot: The Global Space Economy, 2022
A snapshot look at 2022 global space economy including commercial…

The S-Network Space Index℠ First Half 2023 Performance
The S-Network Space Index℠ tracks a global portfolio of publicly…

Maturing Sectors, Widening Space Applications Spur Commercial Revenues to $427B in 2022
Global commercial space revenue continues to grow, reaching $427.6 billion…
More Economy Articles
Global Space Economy Hits $546B Despite 2022’s Economic Turmoil
Last year was a tumultuous time for the global economy.…
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Unclassified federal space spending would top $60 billion in 2024…
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