Global commercial space revenue reaches $336.89 billion

According to analysis by Quilty Analytics published in The Space Report 2020 Q3, acquisitions and buyouts in Q3 totaled more than $3.3 billion in disclosed value, significantly outpacing the $265 million in disclosed value announced in Q2. 

Global commercial space revenue reaches $336.89 billion
Global commercial space revenue reaches $336.89 billion

Global commercial space revenue reaches $336.89 billion

The Space Report, a global space advocate for 37 years, released by The Space Foundation, in its latest quarterly issue announced that space investment in Q3 2020 has gained strength. This has become possible primarily due to more than $6 billion achieved through acquisitions, buyouts and private equity financing.

According to analysis by Quilty Analytics published in The Space Report 2020 Q3, acquisitions and buyouts in Q3 totaled more than $3.3 billion in disclosed value, significantly outpacing the $265 million in disclosed value announced in Q2. In private equity and venture capital investments, the Q3 total reached nearly $2.7 billion in 25 financings compared to Q2’s $410 million raised in 32 transactions.

Additionally, The Space Report 2020 Q3 includes analysis of 2019 commercial space revenue, and annual data also shows gains over the prior year, as well as strong 10-year performance figures.

Commercial space revenue, which represents about 80% of the global space economy, climbed to 6.3% from 2018, growing to $336.89 billion. Over 10 years, the increase was 77.8%.

Commercial space products and services remained the largest percentage of the sector, and in 2019 those totaled $217.72 billion. Though up only 1.7% from the prior year, the sector was up 113% from its 2010 total of $102 billion.

In commercial infrastructure and support industries, revenues were up 16.1% in comparison to 2018, finalising at $119.17 billion in 2019. The decade’s change was more modest compared to space products and services, rising only 36% since 2010.

Commenting on the release of The Space Report 2020 Q3, Space Foundation CEO Tom Zelibor shared, “Numbers such as these reflect the strength and enduring growth of the global space economy. Investors, entrepreneurs, and consumers can find confidence and opportunity in multiple sectors of the space economy, and that type of promise bodes well for everyone’s future.”

Some 2019 industry highlights:

  • Satellite manufacturing reversed a downward trend in 2019 and is expected to remain strong through 2020. Airbus and Thales Alenia Space captured 10 of 17 orders in 2019, and this past summer won significant contracts valued at more than $1 billion with ESA and the UK, fueling confidence in the continued strength of the market.
  • Ground stations and equipment generated more than $112.45 billion, and a 10-year forecast from the European Global Satellite Services Agency predicted that the sector will grow significantly.
  • Earth observation satellite revenue also climbed to more than $3 billion. Almost 32% of revenue came from the sale of raw data collected by commercial satellites.

As per The Space Report, in as few as three years, private commercial spaceflight promises to achieve what international space programs have in the last 59 years. The ASE estimates that once commercial spaceflight programs are in service, about 200 space travelers per year will experience suborbital flight.