Space Economy to Hit $620B in 2025 as Investment Soars 📈
SpaceNews
Jan 29, 2025
6 min read
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Summary
The global space economy is projected to reach $620 billion in 2025, growing 7% from $596 billion in 2024. Key growth drivers include government initiatives, defense spending, and venture capital interest. SpaceX plans 180 launches in 2025, while emerging sectors like direct-to-device satellite services are expected to become billion-dollar industries by 2027.
Mentioned in this article
Organizations
Novaspace research_firm
BryceTech analytics_firm
SpaceX launch_provider
Amazon satellite_operator
Quilty Space research_firm
Seraphim venture_capital
Key People
Carissa Christensen CEO
Chris Quilty CEO
Mark Boggett CEO