Space Minds The Global Space Economy Hits a New Record
Jul 23, 2025
Heather Pringle, CEO of the Space Foundation, joins the discussion to unveil insights from the Space Report 2025 Q2 edition. She reveals that the global space economy has shattered records, surpassing $600 billion with a remarkable 7.8% growth rate. The conversation dives into the booming commercial space sector, the impact of reduced launch costs, and the significant $25 billion investment in the Golden Dome defense program. Pringle shares a visionary outlook on the future, emphasizing increasing international collaboration and opportunities for innovation.
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Global Space Economy Hits $613B
- The global space economy reached $613 billion in 2024, marking continuous growth and a 7.8% year-over-year increase.
- The Space Foundation projects a $1 trillion market by 2032 if current trends persist.
Long-Term Resilience Drives Growth
- The sector has shown consistent growth since at least 2010, demonstrating resilience through shocks like COVID-19.
- A five-year CAGR supports the projection of reaching $1 trillion by 2032.
Commercial Sector Dominates Value
- Commercial activity now comprises 78% of the global space economy, about $480 billion of the $613 billion total.
- Government spending totals roughly $132 billion, with the U.S. leading at $77 billion.