"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.
The Space Report 2023 Q2 study estimates that US Defense Department classified and unclassified spending in 2022 hit almost $43 billion.
Why edge and endpoint security can’t be an afterthought.
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.
"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.