The Global Space Economy Hits a New Record

The global space economy hits a new record

In this week’s special episode of Space Minds coming to you a day early, host Mike Gruss speaks with Heather Pringle, CEO of the Space Foundation on the just released Space Report 2025 Q2 edition and the top three takeaways including the news that the global space economy hit a new record in 2024. The post The global space economy hits a new record appeared first on SpaceNews.

Global Space Economy Tops $600B For The First Time

The global space economy grew nearly 8% in 2024 to $613B, according to a report released Tuesday by the Space Foundation.  The growth was dominated by the commercial sector, which brought in $480B in revenue—accounting for more than three-quarters of the space economy last year. Commercial PNT services drove $231.4B in revenue, making it the top commercial space sector, followed by ground stations, direct-to-home TV, and satcom.  The remaining 2…