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Space consultancy firm Novaspace estimated the size of the space economy at $626 billion, in 2025.
Private companies now provide 70% of capital for space exploration, upending the government-led model.
KEY POINTS
- 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
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