Global Space Industry Soars to New Heights: Inside the $500+ Billion Space Boom (2025 Report)
The global space economy hit $570 billion in 2023, nearly double a decade ago, with commercial activity generating 80% of revenue. Orbital launches reached a record 259 in 2024, driven by SpaceX’s 138 U.S. launches. Private investment surged to $26 billion, while government budgets rose to $135 billion. India landed Chandrayaan-3 near the Moon’s south pole; orbital debris grew 50% in five years.