Study: $1 Billion Needed to Bolster Space Industry

[rangerrebew]

Study: $1 Billion Needed to Bolster Space Industry
9/3/2020
By Jon Harper

Deteriorating business conditions necessitate a robust U.S. government investment in the commercial space industry to ensure the military has a healthy industrial base to tap into, according to a recent report written by experts from the Space Force, Defense Innovation Unit and Air Force Research Laboratory.

The study titled, “State of the Space Industrial Base 2020: A Time for Action to Sustain U.S. Economic and Military Leadership in Space,” was the result of a workshop that brought together more than 120 experts from the federal government, industry and academia to assess the current health of the space industry and provide recommendations for strengthening it.

In the last five years, $11 billion of private capital has been invested in commercial space technology companies, the report noted.

https://www.nationaldefensemagazine.org/articles/2020/9/3/study-1-billion-needed-to-bolster-space-industry

[EdinVA]

So good ole elon is not happy with his $87 billion, he wants the taxpayer to give him more....

[Elderberry]

$1 Billion needed to bolster the space industry ?  Don't make me laugh.

The “Space Economy”

https://spacepolicyonline.com/topics/commercial-space-activities/

As published by the Space Foundation in Quarter 2 of the The Space Report 2019: The Authoritative Guide to Global Space Activity, the global “space economy” in 2018 was $414.75 billion, up from $383.51 billion in 2017. This annual report from the Space Foundation tracks worldwide spending by governments, the private sector and consumers. According to the report (available for purchase), this $414.75 billion space economy is comprised of the following segments:

•   commercial infrastructure and support industries, 24% ($99.69 billion)

•   commercial space products and services, 55.3% ($229.17 billion)

•   U.S. government space budgets, 11.6% ($48.31 billion), and

•   non-U.S. government space budgets, 9.1% ($37.58 billion)