When space exploration first started, missions were predominantly government-led. In recent years, however, many NewSpace companies have started building and operating hardware in space, while others leverage the data and services available.
Already in 2020, many multi-national businesses from sectors including agriculture, financial services, government and logistics are investing in the space sector and understanding how it can add value to their businesses on Earth.
By 2030, we expect this will grow considerably. The space industry is forecast to be worth US$600 billion by 2030, with secondary space industries having the most to gain.
