What Happened
New Markets Emerge As Launch Costs Decrease
The SpaceX IPO has highlighted the growing importance of the space economy, with the company’s valuation reflecting the potential of its Starlink satellite communications business. According to SpaceNews, the space economy is projected to reach $1.8 trillion by 2035, with new markets emerging in areas such as in-space manufacturing and orbital data centers. UK companies, such as Filtronic and Magdrive, are already developing technologies for established commercial markets, and the IPO may help to attract more investment to the sector.