Sierra Space and Spirit AeroSystems, Inc. [NYSE: SPR] have formed a long-term, strategic partnership that is intended to accelerate access to a vibrant commercial space economy of the future. Spirit Defense & Space will assist in the development and production of future affordable Shooting Star Transport Vehicles under a Letter of Intent signed between the […]
Space Economy
Savilis Reveals SpaceTech’s Rapid Growth Likely Will Create New Global Real Estate Requirements
Savills has seen global venture capital (VC) investment growth of 67% per annum for the past three years, and is therefore likely to drive a spate of new requirements for real estate globally. Because of the dramatic rise in investment in the take-up of real estate by the life science sector over the past few […]
Ukrainian Space Prospects In The Face Of War
Article by Olga Ozhogina, Freelance Space Reporter On February 28, on the fourth day of Ukraine’s fight against the Russian invader, Ukraine submitted its application for European Union (EU) membership with a special expedited procedure. The application was accepted and has entered the process of consideration. This does not mean immediate or rapid accession, but […]
Quilty Analytics Releases Report That Details The Impacts of the Russian-Ukraine Conflict On The Industry
The Russia-Ukraine conflict isn’t sparing the global space economy as tremors of war reverberate around the world. Satellite imagery is shaping public opinion and highlighting use cases of remote sensing providers in an unprecedented way. While the impact of Russia’s invasion, subsequent sanctions, and geopolitical unrest are weakening parts of the satellite and space ecosystem, […]
Aloha As Kacific Receives Two Awards At PTC ’22
When the winter winds are blowing PTC is an event that many look forward to as it is held in Hawaii. PTC ’22 welcomed many companies that were competing for awards. This year Kacific’s contributions to telecommunications throughout the Asia Pacific region have been recognized by the Pacific Telecommunications Council (PTC) with two awards presented […]
Brazilian Space Agency and AWS Sign Agreement
The Brazilian Space Agency and Amazon Web Services (AWS) signed a Statement of Strategic Intent and Cooperation. The initiative, on which the Brazilian Embassy in Washington also collaborated, is the first of its kind for AWS in Latin America, and will support innovation and the continued growth of the country’s space industry. The Brazilian Space […]
By 2030, NSR Reports Trillion$ In Global Space Economy Revenues
NSR’s newly released NSR’s Global Space Economy, 2nd Edition (NGSE2) projects strong revenue potential across all key segments, underpinned by record setting investment and both public and private sector demand for space products and services. With more than $1.25 trillion in cumulative revenue projected by 2030, the space industry growth trajectory trends upwards at a […]
Euroconsult Report Estimates 2021 Global Space Economy Reached Billion$$$ During 2021
Euroconsult has released their annual “Space Economy report” report for 2021. In this latest edition, the company estimates that the global space economy totaled $370 billion in 2021. This number consists of: The space market ($337B in 2021) which includes commercial space revenues and government procurement for their space activities contracted to the private sector. Other spending from government organizations ($33B) to conduct […]