Combined Activity in Government Spending and Commercial Revenue has Jumped 73% in the Last Decade, According to Newest Analysis from Space Foundation

The global space economy in 2019 grew more than $9 billion over the previous year, reaching $423.8 billion, according to new findings published by Space Foundations 2020 second-quarter issue ofThe Space Report.

Economic analysis also found:

For more than a decade,The Space Reporthas been widely recognized as the definitive body of information about the global space industry. It contains worldwide space research and data relating to the industrys economy, infrastructure, and workforce, and also details the diverse benefits of space exploration. The report is a resource for government and business leaders, educators, financial analysts, students, space-related companies, and media.

Among the other findings released inThe Space Report 2020, Q2issue:

Space Foundations Research & Analysis team producesThe Space Reportquarterly to provide regular updates on global space activity.

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Global space economy grows to $423.8 billion in 2019 - Geospatial World