Private Space Companies

Rocketing into the New Space Race: Inside the Global Boom of Private Spaceflight and Payload Companies

by Marcin Frąckiewicz
in Private Industry, Space Exploration, Technology Trends
on 16 June 2025

Global Rise of Private Spaceflight Companies The once government-only arena of spaceflight is now a thriving global industry fueled by private companies. In 2023, the global space economy reached $570 billion, nearly double its size a decade earlier spacefoundation.org. Commercial ventures account for ~78% of this economy spacefoundation.org, reflecting how companies worldwide are taking the…
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Tag: Private Space Companies

Rocketing into the New Space Race: Inside the Global Boom of Private Spaceflight and Payload Companies