Space Foundation, a nonprofit advocate organization founded in 1983, has just released “The Space Report 2021 36th Annual Space Symposium Special Edition.” This special edition explores commercial space revenues, the global space workforce, the market for small launch vehicle developers, sustainability for lunar exploration, the smallsat economy, the potential of nuclear power and propulsion, and the future of international lunar space policy.
“The Space Report 2021 36th Annual Space Symposium Special Edition” found that the global space economy, which reached $447 billion in 2020, was 176% greater than in Space Foundation’s first economic analysis in 2005. Nearly 80% of this total in 2020 was commercial revenues.
This edition also takes a two-pronged look at recent shifts in small launch vehicle and smallsat development. In addition to comprising 92% of all spacecraft deployed in 2020, an increase from only 27% a decade ago, smallsats have more than doubled in average size over the same period. As such, small-lift launchers such as Rocket Lab are developing larger rockets, seeking to court the mega-constellation deployments and hundred-plus satellite rideshares of the past few years.
The Space Report is the authoritative report on the global space ecosystem, covering space exploration and space-inspired industries on Earth. Published by Space Foundation since 2006 and operating under the organization’s Symposium 365 division, The Space Report is available on a subscription basis, providing policy analysts, congressional staff, investors, media, and space industry newcomers with research and insight on trends and opportunities with informative articles and quarterly reports. Highlighting each report is an overview of the latest data available on the space economy, space infrastructure, and other key industry indicators as well as analysis of commercial, government and educational events impacting business, workforce and our daily lives. For more information, please visit this direct infolink…
