The Journal of Space Commerce

The Journal of Space Commerce

Growth Forecast in the Space Exploration Market

Novaspace Predicts Investment will Increase to $31 Billion by 2034

Tom Patton's avatar
Tom Patton
May 05, 2025
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The latest Novaspace market intelligence report, Prospects for Space Exploration, provides a detailed outlook on government and commercial space initiatives through 2034. The report finds that global government investment in space exploration totaled $27 billion in 2024 and is projected to grow to nearly $31 billion by 2034. Lunar exploration will lead …

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