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Space economy seen nearing $1 trillion as commercial demand rises
Commercial companies now account for about 80% of the $625 billion space economy, with Goldman Sachs pointing to the mid-2030s or 2040s for the trillion-dollar milestone.
Goldman Sachs highlighted the growth outlook for the space industry, saying the sector is around $625 billion today and that reaching $1 trillion is “a matter of when, not if.” In its discussion on the July 15 episode of Goldman Sachs Exchanges, the firm tied the expansion to falling launch costs and a growing commercial investment cycle that can attract more development over time.
The outlet noted a major shift in who drives the industry. According to the discussion, commercial companies now generate roughly 80% of the space economy, compared with about 80% controlled by governments one generation ago.
Yahoo Finance also pointed to how the theme is showing up in markets, including ETF flows and defense budgets. It cited the Procure Space ETF, which holds 47 equity positions across satellite communications, launch, earth observation, and aerospace companies.
The article further listed ETF details and related company examples from the space sector, including SpaceMobile’s reported Q1 revenue growth and Firefly Aerospace’s 2026 revenue guidance backed by Space Force contracts, along with examples of space-enabled services used in everyday life.