The Global Space Economy

The global space economy encompasses the full range of commercial activities related to space, including satellite manufacturing, launches, ground infrastructure, and space-based services like communications, navigation, and Earth observation. It is driven by government agencies, private companies, and international collaborations, generating billions of dollars annually. The industry supports everyday technologies such as GPS, weather forecasting, and global communications, while also advancing exploration and scientific research. As technology improves and costs decrease, the space economy is expanding rapidly, offering new opportunities for innovation, investment, and global connectivity.