The Journal of Space Commerce

The Journal of Space Commerce

In Depth

The Space Economy's Investment Renaissance

A $613 Billion Market Reaches Critical Mass

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Mike Turner
Aug 11, 2025
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Photo by Bill Jelen on Unsplash

The space industry has undergone a fundamental transformation, evolving from a government-dominated domain to a thriving commercial ecosystem that reached an unprecedented $613 billion in 2024. This remarkable growth trajectory, representing a 7.8% increase from 2023's $570 billion, signals a critical inflection point for …

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