What Happened
Falling Launch Costs Fuel Growing Commercial Market
Big investors are staking their claims in the space economy, driven by falling launch costs, reusable rockets, and cheaper satellites. The global space economy is estimated to be worth over $550 billion annually, with forecasts suggesting it could reach $1.8 trillion by the mid-2030s. Satellite broadband, Earth observation data, and defense spending are attracting capital from venture funds, private equity, and large corporations, as reported by The Hype Magazine.