Global Space Economy Hit $447B In 2020, Report Shows

Irene Klotz August 23, 2021
Credit: Space Foundation database
COLORADO SPRINGS—Despite the worldwide pandemic, the global space economy grew 4.4% last year to reach $447 billion, with the commercial sector accounting for the bulk of the increase, a new Space Foundation report shows. Overall government spending on space programs dipped slightly in 2020 due to...
Irene Klotz

Irene Klotz is Senior Space Editor for Aviation Week, based in Cape Canaveral. Before joining Aviation Week in 2017, Irene spent 25 years as a wire service reporter covering human and robotic spaceflight, commercial space, astronomy, science and technology for Reuters and United Press International.

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