Global Space Industry Soars to New Heights: Inside the $500+ Billion Space Boom (2025 Report)
Key Facts Historical Overview: From Moon Race to the NewSpace Era In the mid-20th century, government programs completely dominated space exploration. The Cold War space race saw the Soviet Union and United States achieve seminal milestones – from Sputnik (1957) and Yuri Gagarin’s first orbit (1961) to the U.S. Apollo 11 Moon landing in 1969. Over the following decades, government-led endeavors built the foundations of today’s industry: satellites for communications and GPS, the Space Shuttle program (1981–2011), and the International Space Station (assembled 1998–2011). Private companies played a supporting role as contractors to NASA, the Soviet space program, etc., but
