Global Space Economy Booms, Projected to Reach \$944 Billion by 2033
Fueled by a nearly one-third surge in 2024 investments, the global space economy is projected to reach \$944 billion by 2033, driven by increased reliance on satellite services and innovative terrestrial applications, with SpaceX poised for significant growth.
Global Space Economy Booms, Projected to Reach \$944 Billion by 2033
Fueled by a nearly one-third surge in 2024 investments, the global space economy is projected to reach \$944 billion by 2033, driven by increased reliance on satellite services and innovative terrestrial applications, with SpaceX poised for significant growth.
Progress
44% Bias Score
Booming Italian Space Sector Faces Global Competition
Italy's space sector, comprised of 400 companies (66% SMEs, 27% startups), generates €3 billion annually, yet lags behind global competitors; the EU's Iris2 program aims to change this with a €10 billion investment in 290 satellites by 2030.
Booming Italian Space Sector Faces Global Competition
Italy's space sector, comprised of 400 companies (66% SMEs, 27% startups), generates €3 billion annually, yet lags behind global competitors; the EU's Iris2 program aims to change this with a €10 billion investment in 290 satellites by 2030.
Progress
36% Bias Score
"U.S. Critical Mineral Dependence Drives Terrestrial and Space Mining Innovation"
"The U.S. is critically reliant on China for vital minerals, spurring innovation in terrestrial and space mining technologies; companies like TerraSpace and Loke Marine Minerals are leading this effort, while Intuitive Machines demonstrates the potential of private space exploration for resource acq...
"U.S. Critical Mineral Dependence Drives Terrestrial and Space Mining Innovation"
"The U.S. is critically reliant on China for vital minerals, spurring innovation in terrestrial and space mining technologies; companies like TerraSpace and Loke Marine Minerals are leading this effort, while Intuitive Machines demonstrates the potential of private space exploration for resource acq...
Progress
52% Bias Score
NASA Finalizes Strategy for Continuous Human Presence in Orbit
NASA's new Low Earth Orbit Microgravity Strategy will maintain continuous human presence in orbit after the 2030 International Space Station retirement, despite budget concerns and uncertainties about the readiness of new commercial space stations.
NASA Finalizes Strategy for Continuous Human Presence in Orbit
NASA's new Low Earth Orbit Microgravity Strategy will maintain continuous human presence in orbit after the 2030 International Space Station retirement, despite budget concerns and uncertainties about the readiness of new commercial space stations.
Progress
44% Bias Score
Lumen Orbit Secures \$11 Million for Space-Based Data Centers
Lumen Orbit, a Redmond, WA based startup, raised \$11 million in seed funding for its plan to build orbiting data centers, attracting prominent investors and highlighting a growing trend in the "new space" economy to reduce the energy and resource costs of data processing.
Lumen Orbit Secures \$11 Million for Space-Based Data Centers
Lumen Orbit, a Redmond, WA based startup, raised \$11 million in seed funding for its plan to build orbiting data centers, attracting prominent investors and highlighting a growing trend in the "new space" economy to reduce the energy and resource costs of data processing.
Progress
48% Bias Score