Commercial Space

The commercial space market, also known as the private space industry or NewSpace, is experiencing strong growth. This burgeoning sector encompasses activities such as satellite manufacturing, space tourism, rocket launches, satellite services and space exploration initiatives driven by private companies. Players like SpaceX and Blue Origin on the launch side, or Planet and Maxar with their in-orbit satellite constellations are revolutionizing the industry, making space more accessible and cost-effective. The demand for satellite internet, Earth observation, and space-based services has fueled investments and technological advancements. With the rise of reusable rockets, commercial crew missions, and ambitious plans for space mining and Mars colonization, the commercial space market is poised for exponential growth, promising exciting developments and opportunities into the future. 

News & Analysis

Aug 23, 2021
Canberra Green Lights Taiwan Rocket Launch In Australia
Australia has approved a launch permit for tiSPACE, a Taiwanese rocket startup, to test launch its Hapith I rocket from the Whalers Way Orbital Launch Complex by the end of 2021.
Aerospace Daily & Defense Report
Aug 23, 2021
Global Space Economy Hit $447B In 2020, Report Shows
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.
Aerospace Daily & Defense Report
Aug 23, 2021
Virgin Orbit To Become Latest Publicly Traded Space Company
Virgin Orbit, the small-satellite launching startup under aerospace entrepreneur Richard Branson’s portfolio that started operations this year, plans to end 2021 as a publicly traded company after a reverse merger with a special purpose acquisition company, executives announced Aug. 23.
Aerospace Daily & Defense Report
Aug 23, 2021
Collins Wins Mystery Space Outpost Life Support Order
Collins Aerospace is to develop an environmental control and life-support system (ECLSS) for a privately owned and operated outpost in low Earth orbit for an unidentified customer.
Aerospace Daily & Defense Report
Aug 23, 2021
Dragracer Proves Tether De-Orbiting Capability
Millennium Space Systems says last month’s early re-entry of an experimental spacecraft successfully demonstrated the ability of deployable tape technology to significantly accelerate de-orbiting a satellite.
Aerospace Daily & Defense Report
Aug 23, 2021
Canberra Green Lights Taiwan Rocket Launch In Australia
Australia has approved a launch permit for tiSPACE, a Taiwanese rocket startup, to test launch its Hapith I rocket from the Whalers Way Orbital Launch Complex by the end of 2021.
Aerospace Daily & Defense Report
Aug 23, 2021
Global Space Economy Hit $447B In 2020, Report Shows
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.
Aerospace Daily & Defense Report
Aug 23, 2021
Virgin Orbit To Become Latest Publicly Traded Space Company
Virgin Orbit, the small-satellite launching startup under aerospace entrepreneur Richard Branson’s portfolio that started operations this year, plans to end 2021 as a publicly traded company after a reverse merger with a special purpose acquisition company, executives announced Aug. 23.
Aerospace Daily & Defense Report
Aug 23, 2021
Collins Wins Mystery Space Outpost Life Support Order
Collins Aerospace is to develop an environmental control and life-support system (ECLSS) for a privately owned and operated outpost in low Earth orbit for an unidentified customer.
Aerospace Daily & Defense Report
Aug 23, 2021
Dragracer Proves Tether De-Orbiting Capability
Millennium Space Systems says last month’s early re-entry of an experimental spacecraft successfully demonstrated the ability of deployable tape technology to significantly accelerate de-orbiting a satellite.
Aerospace Daily & Defense Report
Aug 22, 2021
Soyuz-2 Orbits 34 OneWeb Satellites From Baikonur
The latest deployment increased the OneWeb low-Earth constellation to 288 spacecraft.
Aerospace Daily & Defense Report
Aug 20, 2021
How Might Commercial Market Respond To Military Space Needs?
The rise of launch companies like SpaceX and Rocket Lab have shown the U.S. government how it can leverage the investment of private companies to reduce its costs and improve its technologies.
Aerospace Daily & Defense Report
Aug 20, 2021
SPAC Voters OK Rocket Lab Merger, With Few Redemptions
Low-Earth-orbit launch upstart Rocket Lab will become a publicly traded company Aug. 25 after shareholders approved a reverse merger with Vector Acquisition, a special purpose acquisition company, grossing three-quarters of a billion dollars for the 15-year-old rocket company.
Aerospace Daily & Defense Report