Space Foundation Report Pegs 2006 Global Space Economy at $220 Billion and Growing
COLORADO SPRINGS, Colo. (Oct. 10, 2007) -- Today, the Space Foundation released The Space Report 2007, revealing that in 2006 the global space industry grew to nearly $220 billion in total revenues. The Space Report 2007 contains global space industry budgets and revenue data for calendar year 2006 and, along with the updated Space Foundation Index, demonstrates dramatic growth in the space economy that is outpacing most other markets and indices. Total space industry revenues of $220 billion in 2006 represent a single-year increase of 18 percent from 2005.
“We are very gratified to report the continued market-leading growth in the global space industry – as measured by budgets, revenues and performance in he financial markets,” said Space Foundation President and Chief Executive Officer Elliot G. Pulham. “It is an exciting time to be part of the space industry. The Space Report and the Space Foundation Index clearly illustrate that economies are moving from the information age to the space age, and that space businesses are on the rise around the globe, providing solid returns for investors.”
In addition, The Space Report 2007 provides updated and revised data for 2005. Global space revenues of $179.65 billion in 2005 were reported in The Space Report 2006. “We are committed to transparency and integrity,” said Pulham, and based on the Space Foundation’s subsequent acquisition of higher fidelity data, the 2005 global space revenue figure has been updated to $186.31 billion.
The signature product of the Space Foundation’s Research & Analysis division, The Space Report 2007 is an update of The Space Report 2006. This groundbreaking, peer-reviewed document pioneered a new model for understanding the space industry by expanding the traditional three-sector model - civil, commercial, and national security space - into a more precise and comprehensive nine-sector model based on the end use of space products, systems and services.
A key component of The Space Report 2007 is the Space Foundation Index. Now in its third year, the Space Foundation Index is a weighted index that tracks the market performance of 31 public companies that derive a significant portion of their revenue from space-related assets and activities. Since its inception in June 2005, the Space Foundation Index has increased by more than 45 percent, significantly outpacing both the NASDAQ and S&P 500 indices, which grew 31 percent and 28 percent, respectively.
The Space Report 2007 is available for free download, and The Space Report 2006 remains available for purchase at www.TheSpaceReport.org.
About the Space Foundation
Founded in 1983 and headquartered in Colorado Springs, the Space Foundation is an international nonprofit organization advancing space-related endeavors to inspire, enable, and propel humanity. The Space Foundation is the leader in space awareness and education activities from the classrooms to the Congress; trade association services including the most important space industry trade shows and conferences in the world, leading awards programs and stewardship of the Space Technology Hall of Fame; research and analysis on the global space economy to serve policy makers and others; and educational enterprises aimed at developing the intellectual capital essential to the future of human beings as a space faring species.. With the support of a robust, diverse, and dedicated group of corporate member companies and its national core of teacher liaisons, the Space Foundation achieves its mission through additional offices in Washington, D.C., Houston, Texas, and Cape Canaveral, Fla. For more information, visit www.SpaceFoundation.org.