Rocketing into the New Space Race: Inside the Global Boom of Private Spaceflight and Payload Companies
The global space economy hit $570 billion in 2023, with private ventures making up 78%. SpaceX launched nearly 100 missions that year, accounting for 95% of U.S. orbital launches. Investors have put $347.9 billion into 2,197 space startups since 2009. Virgin Galactic began commercial suborbital flights in 2023, charging $450,000 per seat.