The urge for exploration and human curiosity combined with an enthusiasm for space will create a large market of public space investors, helping provide the capital fuel for an innovative and growing private space industry.
U.S. military space activities today are confined to Earth orbit. As NASA begins to establish a permanent presence at the moon and works with the private sector to develop a cislunar economy, the military foresees playing a role protecting those interests if they were challenged by a foreign power.
While public-private partnerships are getting a lot of attention, the space industry has not traditionally leveraged non-supply chain partnerships as frequently or as fluidly as some industries.
An agency of the U.S. Department of Commerce is developing its own estimate of the size of the space industry, the most authoritative effort to date to measure space’s role in the broader economy.
One of the central beliefs of advocates of the growing commercial space industry is the concept of the trillion-dollar space economy. What if those numbers — both the current and future size of the space economy — are way too high?