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.  

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Government Space Spending Increases 19% from 2020 to 2021

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2021 Global Space Economy Grows at Fastest Rate in 7 Years

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Partisan Fight Threatens to Delay Pentagon, Space Force Budget

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Market Annual Premiums and Claims, 2000 to 2021

Space insurance claims in 2021 fell to one of the…

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State of Space 2022

The Space economy hit $447 billion in 2021 and the…

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Insurers Finish 2021 in Black Despite Growing Debris, Congestion Worries

While increased congestion and debris from a Russian anti-satellite weapons…

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2022 TSRQ1 – Nation in Review: South Korea

South Korea is a relatively new actor in space and…

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Index Weight by Listing Country as of Dec. 17, 2021

Companies included in the S-Network Space Index in the fourth-quarter…

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2021 TSRQ4 – Space Tourism Took Off in 2021, with More Expected in 2022

After a 12-year hiatus, space tourism rocketed upward in 2021,…

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