BEA Estimates Space Economy Impact, Satellite Market Forecasts Remain Strong
Top Stories from The Journal of Space Commerce for the Week Ending July 5
The U.S. Commerce Department's Bureau of Economic Analysis released new, updated, and expanded U.S. space economy statistics for 2017–2022 late last week.
The new statistics show the space economy accounted for $131.8 billion, or 0.5 percent, of total U.S. GDP in 2022. Real GDP grew by 2.3 percent in the space economy, faster than growth in the overall …
