Space Foundation: Global space economy grew by 9% compared to last year
Capitalism in space: According to its annual report, the Space Foundation has determined that the global space economy grew by 9% in 2021, totaling almost half a trillion dollars total.
Most of the money generated by the space industry came in the commercial sector, which saw a 6.4% boost in revenues, with more than $224 billion coming from products and services delivered by space firms and nearly $138 billion spent on infrastructure and support for commercial space enterprises.
The report also found a 19% increase in government spending on both military and civilian space projects, with India, China, and the U.S. leading the way.
Because of the shift to a competitive and independent space industry in the U.S. the government is also now getting a lot more bang for buck. The increased funding is not simply funding pork on the ground, it is actually producing results in space, and doing so more efficiently.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Capitalism in space: According to its annual report, the Space Foundation has determined that the global space economy grew by 9% in 2021, totaling almost half a trillion dollars total.
Most of the money generated by the space industry came in the commercial sector, which saw a 6.4% boost in revenues, with more than $224 billion coming from products and services delivered by space firms and nearly $138 billion spent on infrastructure and support for commercial space enterprises.
The report also found a 19% increase in government spending on both military and civilian space projects, with India, China, and the U.S. leading the way.
Because of the shift to a competitive and independent space industry in the U.S. the government is also now getting a lot more bang for buck. The increased funding is not simply funding pork on the ground, it is actually producing results in space, and doing so more efficiently.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
In 2016, ULA had predicted a “Gross Space Product” of about this much for 2021:
https://www.youtube.com/watch?v=uxftPmpt7aA (7 minutes: “ULA: Cislunar 1000”)
ULA also predicted that there would be 20 astronauts working in space by last year, too, but at that time we all though that commercial manned spacecraft would be launching a few years ago and that Bigelow space habitats would be flying and manned by 2020, too.