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Global space spending projected to grow 41 percent over the next five years | Loren Grush & Tyler Kendall / Bloomberg

The global space economy grew 8 percent to $546 billion in 2022 and is projected to climb another 41 percent 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…

United statesColorado springsLesley connElon muskEuropean space agencySpace foundationSpace capital

Global space spending projected to grow 41% over five years

The sector is expected to show resiliency in the coming years, despite uncertainty about the global economy and a recent slowdown in space investment.

Colorado springsUnited statesLesley connElon muskEuropean space agencySpace foundationSpace capitalWorld newsGlobal space

Global space spending is projected to grow 41% over the next five years

Companies in the space industry grew revenue to $427.6 billion in 2022, up from a revised $396.2 billion the year before.

United statesColorado springsLesley connElon muskEuropean space agencySpace foundationSpace capital

Global space spending is projected to grow 41% over the next five years

Global space spending is projected to grow 41% over the next five years
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Colorado springsUnited statesLesley connElon muskSpace foundationEuropean space agencySpace capital

Commercial space industry expected to grow 41% over next five years

The sector is expected to show resiliency in the coming years, despite uncertainty about the global economy and a recent slowdown in space investment.

United statesColorado springsElon muskLesley connEuropean space agencySpace foundationSpace capital

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