Global Space Economy

The global space economy encompasses all commercial activities related to space, including satellite communications, GPS services, space exploration, and manufacturing of space hardware. It involves governments, private companies, and international organizations working together to develop technology, launch missions, and utilize space-based data. This economy supports everyday services like weather forecasting, global internet coverage, and navigation systems, while also pushing innovation through space exploration and resource extraction. As investments grow, the space economy becomes an increasingly vital sector driving technological advancement and economic growth worldwide.