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Space industry refers to economic activities related to manufacturing components that go into outer space (Earth's orbit or beyond), delivering them to those regions, and related services. [ 1 ] [ 2 ] [ 3 ] Owing to the prominence of satellite-related activities, some sources use the term satellite industry interchangeably with the term space ...
In some ways, 2024 was a great year for space investors. With 138 combined Falcon 9, Falcon Heavy, and Starship launches, SpaceX launched more rockets last year than all the rest of the world ...
In most industrial countries, the aerospace industry is a co-operation of the public and private sectors. For example, several states have a civilian space program funded by the government, such as National Aeronautics and Space Administration in the United States, European Space Agency in Europe, the Canadian Space Agency in Canada, Indian Space Research Organisation in India, Japan Aerospace ...
The growth of the space industry also helps other industries, such as telecommunications and materials engineering, by creating new job opportunities. Environmentally, using reusable rockets helps reduce space debris. By reusing rockets, space agencies can produce less waste and lessen the impact of space missions on the environment.
Commercial recovery of space resources is the exploitation of raw materials from asteroids, comets and other space objects, including near-Earth objects. [31] Minerals and volatiles could be mined then used in space for in-situ utilization (e.g., construction materials and rocket propellant) or taken back to Earth .
The area has one of the largest concentrations of space sector headquarters, facilities, and subsidiaries in the U.S., including Boeing/McDonnell Douglas main satellite building campuses, The Aerospace Corporation, Raytheon, NASA's Jet Propulsion Laboratory, United States Space Force's Space Systems Command at Los Angeles Air Force Base ...
Funding in India’s space sector, a key part of the country’s ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according ...
Clarification: The online version of this newsletter has been updated to clarify that K2 Space's satellites will benefit from, but don't depend on, bigger rockets like Starship. Nina Ajemian ...