Space Economy Surges to $613 Billion as Investors Back Orbital Data Centers and Solar Power
By
Katie Brigham
Fresh out the oven, still warm. Top of the tray.
Summary
The global space economy reached $613 billion in 2024 and could grow to $2 trillion by 2040, driven by private sector innovation. Investors are pouring money into space-based solar power, orbital data centers, and extraterrestrial power grids. SpaceX is reportedly pursuing a massive IPO to fund its off-Earth data center ambitions, highlighting the convergence of climate technology and space commercialization.
Key quotes
· 3 pulledThe global space economy reached $613 billion in 2024, combining commercial revenue and government funding
PricewaterhouseCoopers estimates the sector could grow to reach $2 trillion by 2040, largely driven by private sector innovation
SpaceX is pursuing an IPO — potentially the largest the world has ever seen — in part to fund its own off-Earth data center ambitions
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