Sky Is No Limit: Global Satcom Market Set to Soar Through 2035
The global space economy hit $415 billion in 2024, with commercial satellite activities making up $293 billion. Active satellites jumped from 3,300 in 2020 to over 11,500, driven by mega-constellations from firms like SpaceX and OneWeb. Government space spending reached $135 billion, with $73 billion for defense. Regulators are addressing space debris, tracking over 36,000 objects larger than 10 cm.