Annual global military space spending jumps 18% to $57B in 2023: Space Foundation

Annual global military space spending jumps 18% to $57B in 2023: Space Foundation
Annual global military space spending jumps 18% to $57B in 2023: Space Foundation

“The majority (80%) of defense spending comes from the United States, but other nations, including Japan and Poland, increased space defense spending sharply last year,” the Space Foundation assessment of the 2023 global space economy finds.

Led by US, global spending on military space jumped to $54B in 2022: Space Foundation

Led by US, global spending on military space jumped to $54B in 2022: Space Foundation
Led by US, global spending on military space jumped to $54B in 2022: Space Foundation

The Space Report 2023 Q2 study estimates that US Defense Department classified and unclassified spending in 2022 hit almost $43 billion.

Despite COVID-19, Space Launch Numbers Holding Steady

Despite COVID-19, Space Launch Numbers Holding Steady
Despite COVID-19, Space Launch Numbers Holding Steady

The Space Foundation’s analysis shows a whopping 73 percent increase in the global space economy between 2009 and 2019: from 245.06 billion to 423.8 billion. 

Space Launch & Sector Employment Jumps In 2019: Space Foundation

Space Launch & Sector Employment Jumps In 2019: Space Foundation
Space Launch & Sector Employment Jumps In 2019: Space Foundation

“The economic impact of this (COVID_19) situation may be most acutely felt by the smaller businesses in the booming space startup sector,” says Megan Crawford, managing partner of Space Fund.