The space industry continues to grow. A January report from Novaspace found that it is positioned to expand from $626.4 billion in 2025 to $1.01 trillion by 2034, a significant 5.5% CAGR.
In 2025, space infrastructure and services were scaling, but the industry was struggling to find commercial buyers. Today, demand from defense is on the rise, driven by geopolitical events and a shift to developing sovereign tech capabilities.
