Signal Space economy projected to reach $1 trillion by 2032, two-thirds private

Summary

The direct space economy is forecast to expand from 613 billion US dollars in 2024 to 1 trillion dollars by 2032. EY reports that two thirds of its value already comes from private companies rather than governments. The wider value of activities that rely on orbital assets, such as GPS, communications, data transfer, power grids and financial transactions, is described as almost impossible to calculate. A university astrophysicist quoted by EY observes that one of space's great successes is how invisible it has become to end users. This rapid commercial growth is also what strains the older treaties and raises congestion and debris risks.