Transportation
Global Space Spending Is Projected to Grow 41% Over the Next Five Years
- Report shows commercial space revenue, government spending up
- Private investment slows slightly, reflects tough VC market
This article is for subscribers only.
The global space economy grew 8% to $546 billion in 2022 and is projected to climb another 41% over the next five years, according to a leading space nonprofit.
The sector is expected to show resiliency in the coming years, despite uncertainty about the global economy and a recent slowdown in space investment.