Global Satellite Industry Skyrockets: Inside the $400B Space Boom and the Race to $1+ Trillion by 2035
Key Facts Industry Overview and Historical Context (A Decade of Transformation) Just 10–15 years ago, the satellite industry was a relatively stable domain dominated by government programs and a handful of commercial players focused on geostationary communications satellites. In 2010 the global space economy was around $277 billion thespacereport.org, heavily driven by broadcasting (satellite TV) and government-funded activities. Since then, the industry has nearly doubled in size, fueled by a wave of private-sector innovation often dubbed the “NewSpace” movement. Companies like SpaceX and Blue Origin – founded in 2002 and 2000 respectively – began to challenge traditional aerospace firms by the