The space economy — combined public and private enterprise related to space missions or R&D — slid almost 2 percent last year, as negative exchange-rate changes outpaced broad increases in government and industry revenue as measured in individual domestic currencies.
That’s the finding of a recently released report from the Colorado Springs, Colo.-based Space Foundation, which put the global space economy at $323 billion in 2015. Commercial space activities made up a whopping 76 percent of the global space economy, at $245 billion, according to the non-profit organization’s report.
As for the U.S. government’s space spending, there was a 3 percent uptick to $45 billion last year. But a strengthening dollar resulted in a 14 percent decline in government space investment by governments throughout the rest of the world, at $32 billion.
In a separate report, the satellite industry posted a 3 percent uptick in worldwide revenue last year, climbing to $208.3 billion