2018 Global Space Economy Exceeded $400 Billion for First Time

by | Jul 16, 2019

The Space Foundation published its second-quarter findings of its 2019 issue of The Space Report, revealing that:

  • The global space economy grew 8.1% in 2018 to $414.75 billion, exceeding $400 billion for the first time.
  • Global launches in 2018 increased by 46% over the number of launches a decade ago.
  • Global launches in 2018 exceeded 100 for the first time since 1990.

The Space Report contains worldwide space facts and figures, and is illustrated with photographs, charts, and graphs detailing the benefits of space exploration and utilization, the challenges facing the space sector, opportunities for future growth, and the major factors shaping the industry. It serves as a resource for government and business leaders, educators, financial analysts, students, and space-related businesses.

The Space Foundation's Research and Analysis team produces The Space Report, and earlier this year transitioned its annual summary into quarterly updates of global space activity. This new format makes it possible to provide the most up-to-date information on space infrastructure, facilities, launches, and programs. Similar to other major economy-measuring indicators that inform our awareness of what is happening around the world, the quarterly installments of The Space Report are designed to improve our discussions and understanding of the reach, impact, and health of the space community. 

 

 

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