The global launch industry in 2024: A year of amazing highs and depressing lows, with the best yet to come
For the past five years the entire global rocket industry has experienced a revolution that has resulted in a rise in global launch numbers unprecedented since the launch of Sputnik in 1957. 2024 was no different, with the total number of successful launches topping 256, two to four times the average number of launches that had occurred yearly prior to 2020.
This success has almost entirely been driven by the arrival of many private rocket companies competing for government and commercial business — led largely by SpaceX — aided by the decision by governments worldwide to get out of the way and let private enterprise do the job. The result has been spectacular, so much so that it now seem possible in the very near future to see humans finally revisiting the Moon and even getting to Mars and the asteroids.
At the same time, 2024 saw some significant signs that this success is not guaranteed, and could vanish in an instant if care is not taken.
The graph below, my annual count of launches world wide, provides the groundwork for these conclusions.
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