Britain’s New Space Race: Inside the UK’s Booming Space & Satellite Industry
The UK space sector generated £17–19 billion in annual revenue and supported about 50,000 jobs in 2021/22. Satellite services underpin nearly 18% of UK GDP. The UK Space Agency will merge into the Department for Science, Innovation and Technology by 2026. The country is developing domestic launch sites after a failed orbital launch attempt from Cornwall in January 2023.