Story perspectives

Global Space Economy Set to Triple by 2035

10/11/2025

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Summary

Story summary

The global space economy is projected to grow from $630 billion in 2023 to $1.8 trillion by 2035.
Companies are increasingly using satellite data to improve decision-making, streamline processes, and monitor environmental changes.
Insurers are using satellite imaging to assess flooding and wildfire risks, improving premium setting and claims processing.
Firms such as CATALYST Earth and Planet Labs develop technologies to track biodiversity and land-use changes.

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Story summary

The global space economy is projected to grow from $630 billion in 2023 to $1.8 trillion by 2035.
Companies are increasingly using satellite data to improve decision-making, streamline processes, and monitor environmental changes.
Insurers are using satellite imaging to assess flooding and wildfire risks, improving premium setting and claims processing.
Firms such as CATALYST Earth and Planet Labs develop technologies to track biodiversity and land-use changes.