Space Foundation has reported the size of the 2023 global space economy to be $570 billion in 2023, an increase of 7.4% from 2022’s revised sum of $531 billion, a total that represents the continued growth of the industry in the public and private sectors. This growth is consistent with the industry’s five-year compound annual growth rate (CAGR) of 7.3% and is nearly double the size of the space economy a decade ago.