# Space consultancy firm Novaspace estimated the size of the space economy at $626 billion, in 2025.

*aerospace · news · 2026-04-28 · Money Week*

## Key points

- Private companies now provide 70% of capital for space exploration, upending the government-led model.
- Launch costs dropped from $15,600/kg in 2008 to less than $1,000/kg, with projections of $200/kg by mid-2030s.
- SpaceX is preparing for a potential June 2026 IPO targeting a $1.75 trillion valuation.
- MDA Space has a $4 billion backlog and recently doubled satellite production capacity in Montreal.
- Solid rocket motors are a critical industry pinch point, with Avio among few global scale manufacturers.

**Companies:** SpaceX, NASA, PwC, RocketLab, Mitsubishi Heavy Industries, BAE Systems, Leonardo, L3Harris, RTX, Kratos, BlackSky, AST SpaceMobile, Neuberger Berman, Novaspace, MDA Space, Avio
**Countries:** United States, New Zealand, Japan, Italy, Canada

[Read the full story on Money Week](https://moneyweek.com/investments/tech-stocks/invest-in-space-economy-spacex)

---

Canonical: https://newsio.io/n/d8eff8d8-71dc-4b7c-8f09-fccf99990776/space-consultancy-firm-novaspace-estimated-the-size-of-the-space-economy-at-626
Summarized by Newsio from Money Week. https://newsio.io/how-it-works