Space economy valued at $385 billion in 2020, with commercial space revenues totaling over $310 billion - Novaspace

Paris, Washington D.C., Montreal, Yokohama – In its latest research product Euroconsult estimates that the consolidated space economy, including both government space investments, as well as commercial space, totaled $385 billion in 2020, a record amount. Commercial revenues of $315 billion in 2020 were down 2% from 2019’s $319 billion evaluation, due partially to the Covid-19 pandemic affecting certain commercial markets - in particular satellite communication sub-segments focused on high mobil