The global space economy reached a new high of nearly $447 billion in 2020, an increase of 4.4% from a revised 2019 figure of $428 billion. The 2020 figure is 50% greater than a decade ago, and 176% greater than . . .
Since Yuri Gagarin’s orbital flight around the Earth in April 1961, humans in pioneering new technologies and pushing the limits of what’s considered possible. This year ushered in a new era of human spaceflight when SpaceX became the first . . .
The science, technology, engineering, and mathematics (STEM) workforce is at the core of the space industry—from the mathematicians and astronomers who analyze space to the engineers who design and build the launch vehicles that get us there. This workforce is enabled . . .
Growth in the government investment sector of the space economy outpaced commercial sectors as the U.S. and non-U.S. government shares of the global space economy between 2017 and 2018. . .
The global space industry employs hundreds of thousands of individuals in well-paid cutting-edge technology jobs, and it relies on a pool of highly qualified workers to fill new jobs as they arise. Trends among this workforce, including its size, age breakdown, average pay . . .
The global space industry grew 7.4% in 2017, reaching a total of $383.5 billion. This continues a broad upward trend that spans more than a decade. Traditional sectors for space commerce have continued to grow and are . . .
Global government spending increased in 2017, totaling $76.2 billion, up from $72.7 billion in 2016. Government spending accounted for 19.9% of the global space economy . . .