Economy
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 55% greater than a decade ago, and 176% greater than Space Foundation’s first such analysis of the 2005 global space economy. As in 2019, 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 36 governments or cooperative bodies worldwide, relying on publicly disclosed budgets, media reports, 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.
Browse All ArticlesEconomy Articles

U.S. Budget Proposals for 2024 Would Add $5 Billion in Space Spending
Unclassified federal space spending would top $60 billion in 2024…

New Congress Names Space Committee Leaders
With Republicans reclaiming a narrow majority in the U.S. House,…

Quilty Analytics Annual and 2022 Q4 Quarterly Transactional Update
The Year in Review The dealmaking environment changed significantly in…

Space Leaders Predict Big Opportunities, Serious Challenges As New Year Dawns In Orbit
The Space Report reached out to a selection of space…

The S-Network Space Index℠ 2022 Performance
The S-Network Space Index℠ tracks a global portfolio of publicly…
More Economy Articles
Above the Fold: Space Issues to Watch in 2023
In China, 2023 is the Year of the Rabbit. Of…
Read ArticleDefense Spending Increase Targets Commercial and Military Satellite Protection
Defense space initiatives received an additional $2.2 billion in appropriations…
Read Article“Space Matters” Panel Examines U.S. Policy, Government Space Spending for Wednesday Episode
Led by former Rep. and Moon Walker Associates CEO Bob…
Read ArticleNovember Space Council Meetings Could Shape Commercial Regulations
The National Space Council asked for comment on new commercial…
Read ArticleU.S. Defense Strategy Document Pledges Commercial Space Protection
In a first-of-its-kind shift in stated strategy, the Biden Administration…
Read ArticleBudget Gridlock Delays Spending on New U.S. Space Programs
Congressional gridlock delayed a 2023 spending plan for U.S. government…
Read ArticleQuilty Analytics Q3 22 Quarterly Transactional Update:
The macro environment and public equity market conditions remained highly…
Read ArticleRivals Launch Military Satellites Amid U.S.-led Space Defense Drills
A flurry of military and intelligence satellite launches by rival…
Read ArticleSolving Space Junk Problem Could Net Federal Prize
A grand prize could be in the offing for inventors…
Read Article