Space Foundation, a nonprofit organization founded in 1983 to advance the global space community, has released The Space Report 2025 Q2, revealing the global space economy reached an unprecedented $613 billion in 2024 – reflecting strong 7.8 percent year-over-year growth.
The milestone underscores the vital role space plays in driving economic growth, ensuring national security, and enhancing public safety.
The report found the commercial sector accounted for 78 percent of the global space economy, with government budgets contributing the remaining 22 percent. [Read more…] about Global space economy hits record $613 billion in 2024, says Space Foundation