aerospace / news / / Kiplinger
The global space economy will reach $1 trillion in 2034, according to consulting firm Novaspace.
SpaceX is preparing for a highly anticipated IPO with a targeted valuation over $2 trillion.
KEY POINTS
- The Pentagon is requesting $71 billion for Space Force in 2027, an 80% increase over 2026.
- Amazon acquired Globalstar for $11.6 billion to expand its satellite network and landed Apple as a customer.
- Direct-to-device satellite service is now available on newer smartphones for texts and some low-data apps.
- AI tools using proprietary satellite data can now autonomously detect methane leaks and track vessels at sea.
COMPANIES
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