DiBello’s Plan: Triple Florida’s Space Industry in 10 Years Through Diversification

Space Florida President Frank DiBello
Space Florida President Frank DiBelloOfficial expects big gain in space

Florida Today

Space Florida President and Chief Executive Officer Frank DiBello told an audience of about 75 local businesspeople that diversification of the state’s space industry is the key to reaching that goal. That includes commercial launches to supply the International Space Station and other types of launches within Florida, perhaps including horizontal launches from Florida sites outside Brevard County…

DiBello said the tripling of the industry in Florida during this decade is attainable, considering the industry’s $8 billion to $10 billion annual value in Florida is only about 3 percent to 4 percent of the global space market of $257 billion.

“We have to think beyond borders,” said DiBello, who has worked for more than 40 years in the aerospace and defense industries. “The key is partnerships and collaboration.”

He said only 31 percent of all commercial space launches occur in the United States, adding, “This was an industry we once dominated.”

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