Global Satellite and Space Industry Report 2025: Market Overview and Outlook to 2030
In 2024, the global space economy reached $415 billion in revenue, up 4% from 2023. Commercial satellite activities totaled about $293 billion in 2024, representing 71% of the global space economy. The number of operational satellites rose from roughly 3,371 in 2020 to 11,539 by the end of 2024, a more than threefold increase. SpaceX dominated US launches in 2024, conducting 138 of 145 orbital launches with Falcon 9/Heavy rockets and Starship test flights. In 2024, the United States accounted for about 65% of global launch revenue; China performed 68 orbital launches, and Europe conducted 3. Global government space spending