Space Foundation Study: Space economy worth $600bn+ – SatNews

Strong Commercial Sector Growth Drives Global Space Economy

The global space economy reached an unprecedented $613 billion in 2024 reflecting strong 7.8% year-over-year growth, according to The Space Report 2025 Q2 from Space Foundation. The organization says the milestone underscores the vital role space plays in driving economic growth, ensuring national security, and enhancing public safety.“Space is not just a frontier for exploration; it is a cornerstone of our economy and security.” Heather Pringle…

Space Foundation Study: Space economy worth $600bn+ – SatNews

A study from The Space Foundation says that the global space economy is now worth more than $600 billion (€510bn) with the study saying there is — and has been — a rapid evolution in the space economy. Space spending from more than 50 nations has been analyzed to assess how nations and regions are growing and reshaping plans to participate in the realm of global space. Government space spending in 2024 experienced record-high government spending…