The global space economy is experiencing rapid growth, driven by public-private partnerships that are lowering launch costs, accelerating innovation, and expanding applications across sectors. With continued investment and technological advancements, the industry is poised to reach one trillion dollars by 2030. (Source: GlobalData).

 

Launch cost per kilogram of payload - Heavy vehicles
Chart Chart

Source: CSIS Aerospace Security Project, Our World in Data .
Note: Heavy vehicles carry more than 20,000 kg.

 

  • The global space economy reached $570 billion in 2023, fueled by public-private partnerships (PPPs) that are reshaping the industry. Collaborations between governments and private companies are driving innovation in satellite communications, reusable launch technologies, and lunar exploration, paving the way for a projected $1 trillion market by 2030.
  • Public-Private collaboration has transformed rocket launch economics, with innovations such as reusable rockets, pioneered through partnerships like NASA's Commercial Crew Program with SpaceX, slashing launch costs by up to 90%. This cost reduction is accelerating commercialization and opening access to space for new industries.
  • The rising focus on global security has resulted in defense related investment now exceeding civil spending in Government space budgets, creating powerful momentum for the industry. Public-private partnerships are advancing satellite surveillance, space-based defense systems, and cybersecurity solutions.
  • While government funding is still accelerating at a double-digits, Private investments continue to surge with venture funding increasing 18x since 2016, driving growth across emerging industries and technologies such as space infrastructure, in-orbit manufacturing, and deep space exploration. This collaboration between public and private sectors is fueling innovation and expanding the possibilities of space enterprise.
  • The space economy is entering a pivotal growth phase, fueled by falling launch costs, rapid advancements in satellite and rocket technology, and the expansion of space-enabled services.
  • We are excited by opportunities across the space economy continuum—infrastructure, technology enablers, and applications— and aim to target both established leaders and early-stage disruptors to capture growth and innovation.

 

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