The global space economy grew 8 percent to $546 billion in 2022 and is projected to climb another 41 percent over the next five years, according to a leading space nonprofit.
The sector is expected to show resiliency in the coming years, despite uncertainty about the global economy and a recent slowdown in space investment.
“Commercial space is the vital growing sector of the overall space economy,” Lesley Conn, director of research and digital programming at the Space Foundation, said in an interview. “Within five years, certainly you’re going to see a real acceleration and an expansion of space and space assets.” That resilience reflects in part the long development lead times of space programs and the prevalence of public-private partnerships, the report said. Those attributes help sustain funding, even when the economy is uneven.
Spending by governments on space programs grew 8 percent to a combined $119 billion last year, below the 22 percent gain in 2021. The Space Foundation projects the pace of public sector outlays on space will pick up this year as nations work toward exploring the moon and prioritize large satellite constellations with military applications. NASA is moving ahead on its Artemis program, which has the goal of sending the first woman to the moon’s surface. China also has plans to land humans there.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Chinese court begins appeal trial for Canadian pop star Kris WuTrigger warning: rape A court in the Chinese capital on Tuesday, July 25 commenced the appeal trial for Canadian pop star Kris Wu, according to state-run Xinhua news agency, after he was sentenced to 13 years in jail in 2022 for crimes including rape.
Baca lebih lajut »
IMF raises 2023 economic outlook but warns of slowing global growthWASHINGTON, United States -- The International Monetary Fund has slightly upgraded its outlook for world growth this year on the back of resilient service sector activity in the first quarter and a strong labor market, the lender said Tuesday.
Baca lebih lajut »
DTI tightens price monitoring of basic necessities amid global uncertainties | Cai U. OrdinarioThe Department of Trade and Industry (DTI) assured the public on Tuesday that it is proactive in addressing the challenges and uncertainties posed by the current economic global developments by closely monitoring the prices of key commodities.DTI said food items that it regularly monitors include canned fish and meat; bread;…
Baca lebih lajut »
Private construction projects value up 8% to ₧99.6 billion | Cai U. OrdinarioTHE value of private sector construction projects reached almost P100 billion in the second quarter of 2022, according to the Philippine Statistics Authority (PSA). Data obtained from approved building permits showed the value of these projects amounted to P99.6 billion, an 8-percent growth in 2022 from the same period in…
Baca lebih lajut »
French-Filipina beauty queen plays Hippie Barbie in Mattel movieDid you know another actress of Filipina descent was also featured in the 'Barbie' movie? It was a blink-and-you-miss-it moment but nonetheless a defining one.
Baca lebih lajut »
COA flags Cebu City’s ‘excessive’ cash advances for foreign travelCEBU CITY, Philippines -- The Commission on Audit (COA) has flagged several lapses in the cash advances of the Cebu City government for foreign travel to Canada in 2022 amounting to P1.992
Baca lebih lajut »