Posted 4/8/2024, 12:01:09 PM
Space Economy Set to Triple by 2035, But Growth Threatened by Anti-Satellite Weapons
- Global space economy projected to grow to $1.8 trillion by 2035, up from $630 billion in 2022
- Growth expected across sectors like communications, space technology, defense, and civil space programs
- Threat of anti-satellite (ASAT) weapons poses risk to satellites and space debris
- Improvements expected in supply chain tracking, transport services, online shopping, weather forecasting
- Space tourism and lunar exploration could drive innovation in habitats and mining