Space Foundation Releases 36th Annual Space Symposium Special Edition Revealing Commercial Space Revenue Grew 6.6% in 2020, Exceeding $356B
Infrastructure and support industries grew the most, by 16.4%, surpassing $137B
Products and services grew 1.2%, accounting for over 60% of commercial space
More than 1,100 SmallSats launched in 2020, 92% of all spacecraft deployed
COLORADO SPRINGS, Colo., Aug. 24, 2021 (Space Foundation PR) — Space Foundation, a nonprofit advocate organization founded in 1983, today released “The Space Report 2021 36th Annual Space Symposium Special Edition,” which explores commercial space revenues, the global space workforce, the market for small launch vehicle developers, sustainability for lunar exploration, the SmallSat economy, the potential of nuclear power and propulsion, and the future of international lunar space policy.
“The Space Report2021 36th Annual Space Symposium Special Edition” found that the global space economy, which reached $447B in 2020, was 176% greater than in Space Foundation’s first economic analysis in 2005. Nearly 80% of this total in 2020 was commercial revenues.
Content based on interviews with nearly two dozen industry and defense leaders
Report determines that space domain partnerships are central to national security
Countries are realigning defense organizations to recognize the importance of space
COLORADO SPRINGS, Colo., Aug. 17, 2021 (Space Foundation PR) — Space Foundation, a nonprofit advocate organization founded in 1983 for the global space ecosystem, in partnership with KPMG International, today released a new report exploring how space will define the future of national security. The report “Navigating Space: A Vision for Space in Defense,” finds that space will likely define the future of national security and as the pace of innovation quickens, defense organizations see space domain partnerships as central to their national security.
Space Foundation Releases ‘The Space Report 2021 Q2’ Detailing Growth of 4.4% Over 2019 Revised Total — 55% Higher Than a Decade Ago
Commercial space grew 6.6% in 2020, representing nearly 80% of space economy
US, China and ESA remain top three investors in global space economy
US military space spending increased 6.1% in 2020, reaching new height of $26.6B
COLORADO SPRINGS, Colo., July 15, 2021 — Space Foundation, a nonprofit advocate organization founded in 1983 for the global space ecosystem, today released “The Space Report 2021 Q2,” which examines global space economy growth and trends in 2020, the continuing growth of commercial space activity, notable shifts in the global space economy, and U.S. military space spending in 2020.
Combined Activity in Government Spending and Commercial Revenue Has Jumped 73% in the Last Decade, According to Newest Analysis from Space Foundation
COLORADO SPRINGS, Colo., July 30, 2020 (The Space Foundation PR) — The global space economy in 2019 grew more than $9 billion over the previous year, reaching $423.8 billion, according to new findings published by Space Foundation’s 2020 second-quarter issue of The Space Report.
COLORADO SPRINGS, Colo. (April 2, 2020) — The Space Foundation issued a statement today announcing the 36th Space Symposium has been rescheduled for Oct. 31 through Nov. 2, 2020. Hosted at The Broadmoor in Colorado Springs, the annual assembly of the world’s space community will gather leaders, innovators, and entrepreneurs from the civil, commercial, military, research, and international sectors to share, explore, and partner on efforts that will impact our lives beyond Earth and upon it.
As a world and an industry, we are in the midst of a global health and economic crisis. While there may be uncertainty about how we will recover, there is no doubt that the same ingenuity, drive, and collaboration that serves our exploration and industrialization of space will lead us to a swift recovery.
In just the last weeks, the U.S. Food and Drug Administration cleared use of a new corona virus test that returns results four times faster than existing diagnostic machines. We’ve seen scientists from around the world share and integrate the genome sequences of dozens of corona virus strains to spur development of a vaccine — a result aided by the space and satellite technology that allows split-second global communication.
COLORADO SPRINGS, Colo., March 31, 2020 (Space Foundation PR) — Across multiple fronts, the space industry heading into 2020 was the strongest in years, with gains in space industry jobs, new nations entering space, and record-level research and investor activity through International Space Station U.S. National Laboratory programs.
Those are among the new findings in The Space Report 2020, Quarter One, released today.
COLORADO SPRINGS, Colo., Feb. 10, 2020 (Space Foundation PR) – The Space Foundation will honor two outstanding achievements in space with this year’s Space Achievement Award. The award is presented each spring during the Space Foundation’s Space Symposium, held at The Broadmoor in Colorado Springs, Colo.
COLORADO SPRINGS, Colo. (Sept. 15, 2016) — The Space Foundation is partnering with Project PoSSUM to offer the PoSSUM Academy upper-atmospheric and astronautics education program in 2017. The program, designed by upper atmospheric scientists and former NASA astronaut instructors, is an immersive education program for high-school and undergraduate students. PoSSUM Academy students learn about upper-atmospheric science and astronautics as they prepare for simulated suborbital missions to study elusive ‘space clouds’ called noctilucent clouds.
PoSSUM, an acronym for Polar Suborbital Science in the Upper Mesosphere, grew from a suborbital flight opportunity granted by NASA in 2012 in which a commercial suborbital spacecraft, such as Virgin Galactic’s Spaceship Two, will be used to fly through a noctilucent cloud with a package of instruments that can create a tomographic image of these cloud features, much like an MRI builds a 3D model of a human body.
COLORADO SPRINGS, Colo. (Aug. 3, 2016) – The Space Foundation today voiced its strong support for two important commercial space regulatory milestones:
On July 29, the Federal Aviation Administration’s Office of Commercial Space Transportation (OCST) issued a license to Virgin Galactic for its SpaceShipTwo suborbital spaceplane, enabling the company to resume flight tests, from Mojave Air & Space Port, Calif., leading toward commercial suborbital space flights.
Today, it was announced that the U.S. Government has cleared the way for California-based Moon Express to send a spacecraft beyond Earth orbit, to land on the moon, in 2017. To date, no commercial company has conducted a mission beyond Earth orbit. This has long been solely the territory of government space programs.
Brevard County, Fla., May 16, 2016 (Florida Space Coast EDC) – The Economic Development Commission of Florida’s Space Coast (EDC) has joined leading space industry associations such as the Space Foundation, Space Florida and the Satellite Industry Association in the drive to educate congressional leaders on the critical role of the U.S. space program. Long-term support of our space program benefits the nation’s economy, security, leadership and high-quality American jobs.
WASHINGTON (AIAA PR) — A coalition of space organizations today released a joint white paper, “Ensuring U.S. Leadership in Space,” at a National Press Club Newsmaker news conference at the National Press Club in Washington, DC.
COLORADO SPRINGS, Colo. (Feb. 1, 2016) – In December 2015, SpaceX, a known pioneer in the space industry, successfully landed the first stage of its Falcon 9 rocket. The Falcon 9 left Cape Canaveral in Florida, delivered 11 satellites to orbit and historically landed the first stage minutes later. For that achievement, the Space Foundation has selected SpaceX to receive one of its top honors, the 2016 Space Achievement Award.
COLORADO SPRINGS, Colo., July 7, 2015 (Space Foundation PR) – The Space Foundation today released the findings of its publication The Space Report 2015: The Authoritative Guide to Global Space Activity.
In 2014, the global space economy grew slightly more than 9 percent, reaching a total of $330 billion worldwide, up from 2013’s $302.5 billion. Together, commercial space activities made up 76 percent of the global space economy. The industry as a whole demonstrated a compound annual growth rate (CAGR) of seven percent from 2005 to 2014, nearly doubling in size over the course of the decade.
U.S. government space spending went up slightly, 2.9 percent, from 2013 to 2014. The U.S. devoted 1.2 percent of the government’s national budget to space in 2014. During that year, U.S. government space spending made up more than half of what all governments around the world spent on space. Space expenditures by governments other than the U.S. grew 12.9 percent in 2014, in spite of decreases in budgets of international cooperative efforts such as the European Space Agency. (more…)