Global satellite industry revenue climbed 2% year-on-year to $285 billion for 2023, according to the Satellite Industry Association’s 27th annual space economy snapshot released June 13.

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Forecasts from Goldman Sachs, Morgan Stanley and other heavyweight investment banks of a trillion-dollar space economy by 204 have echoed across the industry for more than half a decade.

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While the New Space economy is certainly a place of rapid change, there are features that — if understood — can help investors and companies maximize prospects for success.

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Economic headwinds: You feel them at the pump, the grocery store, and now in space. Investment in the space industry has fallen back to Earth, totaling only $2.2B in Q1, […]

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The National Space Council recently completed three public listening sessions on the issue of In-Space Authorization and Supervision, often described broadly as mission authorization. These terms seem vague and bureaucratic, […]

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While challenging economic conditions this year will hit some space companies harder than others, the industry as a whole is expected to remain robust as multiple headwinds rock the sector.

The post Buckle up, it could get bumpy: The space economy’s vaunted resilience will be tested in 2023 appeared first on SpaceNews.

The global space industry is expected to eclipse $1 trillion over the next few decades. And while casual onlookers sometimes express skepticism of this rapid growth, the venture industry is clearly enticed by how space technologies can power the global economy.

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The Michigan Aerospace Manufacturers Association is working to build Michigan’s space sector through projects like Space Enabled Connectivity for Advanced Mobility or SECAM.

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The Sunshine State’s efforts to lure commercial space ventures began well before the sun set on the Space Shuttle era.

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At the outset of the coronavirus pandemic, city officials in Brownsville, Texas, anticipated sales and property tax revenue declines. To their surprise, residential property values and sales tax collections have continued to climb. Much of the credit goes to SpaceX.

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New Mexico was not often in the conversation about key space states until Virgin Galactic named Spaceport America its flight operations center in 2009.

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Rocket city doesn’t intend to give up its title.

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Competition to attract space companies is going global, and Colorado is waging an international campaign.

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With California losing its luster as the aerospace industry’s golden state, a coast-to-coast competition for space companies is heating up.

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This could be a pivotal year for the Virginia Space.

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The urge for exploration and human curiosity combined with an enthusiasm for space will create a large market of public space investors, helping provide the capital fuel for an innovative and growing private space industry.

The post Op-ed | Is public capital ready to help fuel the private space economy? appeared first on SpaceNews.

U.S. military space activities today are confined to Earth orbit. As NASA begins to establish a permanent presence at the moon and works with the private sector to develop a cislunar economy, the military foresees playing a role protecting those interests if they were challenged by a foreign power.

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While public-private partnerships are getting a lot of attention, the space industry has not traditionally leveraged non-supply chain partnerships as frequently or as fluidly as some industries.

The post Op-ed | Building a robust space economy requires more partnerships appeared first on SpaceNews.

An agency of the U.S. Department of Commerce is developing its own estimate of the size of the space industry, the most authoritative effort to date to measure space’s role in the broader economy.

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One of the central beliefs of advocates of the growing commercial space industry is the concept of the trillion-dollar space economy. What if those numbers — both the current and future size of the space economy — are way too high?

The post Foust Forward | Bursting the space bubble before it even inflates appeared first on SpaceNews.

It is evident we need to examine how to build a robust space economy and infrastructure, one built to accommodate future growth.

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