There’s an unprecedented surge of investment and exploration in space technology right now. That’s led to record valuations, record number of space companies, and record number of space launches.
In a new report, SpaceTech Analytics map the sector comprehensively. From my post at Forbes …
The United States spends more on space than all other countries combined, the report says, with its budget exceeding the next 15 nations’s spending by a wide margin.
The 10,000+ companies in space technology have a combined value of over $4 trillion, according to the report. Launch technology continues to improve, bringing orbital delivery costs down to an estimated $500/kilogram in SpaceX’s Starship, as opposed to $20,000/kilogram on NASA’s iconic Space Shuttle.
The resulting market expansion will drive the total value of the sector to $10 trillion by 2030, the report says.