CNBC has called space “Wall Street’s next trillion-dollar industry,” Bank of America predicted that “the growing space economy will more than triple in the next decade to become a 1.4 trillion market,” and according to a study by the World Economic Forum in April 2024, the space economy is expected to grow to be worth 1.8 trillion dollars by 2035. Morgan Stanley expects a space-based business to create the world’s first trillionaire.
Chad Andersen, author of the book The Space Economy (Wiley) and founder of the US investment firm “Space Capital” estimates: “Over a quarter of trillion dollars has been invested into nearly 2,000 unique space companies over the past decade alone.”
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