Space Foundation Releases 36th Annual Space Symposium Special Edition Revealing Commercial Space Revenue Grew 6.6% in 2020, Exceeding $356B
- Infrastructure and support industries grew the most, by 16.4%, surpassing $137B
- Products and services grew 1.2%, accounting for over 60% of commercial space
- More than 1,100 SmallSats launched in 2020, 92% of all spacecraft deployed
COLORADO SPRINGS, Colo., Aug. 24, 2021 (Space Foundation PR) — Space Foundation, a nonprofit advocate organization founded in 1983, today released “The Space Report 2021 36th Annual Space Symposium Special Edition,” which explores commercial space revenues, the global space workforce, the market for small launch vehicle developers, sustainability for lunar exploration, the SmallSat economy, the potential of nuclear power and propulsion, and the future of international lunar space policy.
“The Space Report 2021 36th Annual Space Symposium Special Edition” found that the global space economy, which reached $447B in 2020, was 176% greater than in Space Foundation’s first economic analysis in 2005. Nearly 80% of this total in 2020 was commercial revenues.