U.S. Space Industry Blast-Off: Inside America’s $600B Space Boom and the Race to a $1 Trillion Future
The global space economy reached $613 billion in 2024, with the U.S. accounting for about 37% of revenues. U.S. government and commercial spending lead the sector, as SpaceX captured 65% of global launch revenue. Space is now 78% commercial by revenue, with over 12,000 active satellites in orbit. Artemis II is scheduled for September 2025, aiming to return Americans to the Moon.