What is the estimated size of the commercial space marketplace in the next 10 years?

Larry WeidelMentor and Coach Empowering Million Dollar Earners

The Big Picture: Anousheh Ansari’s Vision At XPRIZE Foundation

2 Jan 2025 · 1 min

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A short recorded talk (YouTube) in which the speaker describes a rapidly expanding commercial space sector and its potential benefits to Earth over the next decade. The speaker cites industry reports estimating the commercial space marketplace could grow to about $10 trillion in the next 10 years, and highlights growth beyond launch systems into Earth-observation satellites, in-space manufacturing, and solar/sustainable energy applications. The remarks emphasize opportunities for businesses and individuals to participate outside government space programs.

Questions this video answers

$10 trillion

Now you have a very vibrant commercial space program with many companies. I mean, the reports estimate that the commercial space marketplace. In the next 10 years will grow to be about $10 trillion. And this is not just launch systems, but you have a lot of new satellites for Earth observation. There's opportunities in the future for manufacturing in space, using solar energy. Or providing sustainable energy sources here on Earth. So there's a lot of activities and businesses that are being built in space. That will benefit humanity here on Earth. And that's also an opportunity for people who want to be involved in the space industry. But not in the government space programs to participate.