U.S. Space Industry Blast-Off: Inside America’s $600B Space Boom and the Race to a $1 Trillion Future
Introduction Space is no longer just about astronauts and moonwalks – it’s big business and a pillar of the U.S. economy. In 2024, the global space economy reached an all-time high of $613 billion, reflecting 7.8% year-over-year growth spacefoundation.org. The United States is at the forefront of this boom, accounting for roughly 37% of worldwide space revenues ts2.tech ts2.tech. “Space is not just a frontier for exploration; it is a cornerstone of our economy and security,” says Space Foundation CEO Heather Pringle spacefoundation.org. From government rocket programs to billionaire-led rocket companies, America’s space sector has transformed into a fast-growing industry –
