Space Economy

The Commerce Department facilitates the growth of the U.S. space economy through a variety of means, including studying economic trends in the commercial space market and supporting the space sector’s needs for commercial financing and insurance.

Remarks from U.S.-Italian Event on the New Space Economy

On June 11, Office of Space Commerce Director Kevin O’Connell participated in a discussion of “The New Space Economy: Achieving Value and Reaching Potential Together,” part of the “From Home to Space” series sponsored by the Italian Space Agency and

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Posted in Space Economy

Secretary Ross Remarks from World Economic Forum 2020

Secretary of Commerce Wilbur Ross

On January 22, Secretary of Commerce Wilbur Ross delivered remarks about space commerce at the World Economic Forum in Davos, Switzerland. He spoke during an event titled, “A New Space Race: Getting to the Trillion-Dollar Space Economy.” Secretary Ross discussed

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Posted in Space Economy, SSA/STM

Remarks from GeoBuiz Summit 2020

On January 14, Office of Space Commerce Director Kevin O’Connell delivered a keynote address and moderated a panel on “Business Models of the Space Economy: Where is the Money?” at the GeoBuiz Summit 2020 in Monterey Bay, California. Below are

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DOC Announces New Effort to Measure the U.S. Space Economy

The Commerce Department’s Bureau of Economic Analysis (BEA) and Office of Space Commerce have initiated a new effort to measure the relative importance of the space sector on the U.S. economy. Called the Space Economy Satellite Account (SESA), the effort

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Posted in Space Economy

O’Connell Remarks to U.S. Chamber of Commerce

Kevin O'Connell at podium with "LAUNCH" event backdrop

On December 3, Office of Space Commerce Director Kevin O’Connell delivered a keynote address at the U.S. Chamber of Commerce’s 2nd Annual Space Summit, LAUNCH: The Space Economy. Below are his remarks as prepared for delivery. Remarks of Kevin M.

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Posted in Business with the Government, Commercial Remote Sensing, Regulatory Reform, Space Economy, SSA/STM

Secretary Ross Hosts Space Startup Summit

Secretary Ross seated on stage with five panelists in front of large audience

On October 21, 2019, Secretary of Commerce Wilbur Ross hosted a Space Startup Summit in the Commerce Department auditorium. The event brought together space entrepreneurs, venture capitalists, technology accelerators, and federal agencies to explore ways the government can foster and

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Posted in Business with the Government, Space Economy

Secretary Ross to Host Space Startup Summit on Oct 21

Secretary of Commerce Wilbur Ross

(Update to original post of September 26, 2019) The Department of Commerce will host a special event on space startup innovation and financing on Monday, October 21, 2019, from 9:00 a.m. – 12:00 p.m., while the International Astronautical Congress (IAC)

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Posted in Business with the Government, Space Economy

Remarks from Space Commerce Workshop at NIST Boulder

Kevin O'Connell (holding mic) and six other panelists on stage

On September 12, the Department of Commerce hosted a space commerce workshop at the NIST campus in Boulder, Colorado. The event brought together industry, academia, and federal government organizations to identify key technology and measurement barriers to deploying and safely

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Posted in Space Economy, SSA/STM

O’Connell Remarks from Space Economy Workshop

Kevin O'Connell speaking before audience

On September 5, OSC Director Kevin O’Connell delivered the keynote address at a workshop on “Exploring the Hidden Economic Value of Space Applications” hosted by SDA Bocconi School of Management-SEE Lab, the Secure World Foundation, and the GWU Space Policy

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Posted in Space Economy

GPS Economic Study Presentation

Presentation cover: RTI International - Economic Benefits of the Global Positioning System (GPS) - August 6, 2019 - Alan C. O'Connor - Michael P. Gallagher

On August 6, the Office of Space Commerce hosted a public briefing to discuss a recently published study of the economic benefits of GPS. The study, sponsored by DOC’s National Institute of Standards and Technology (NIST), estimates that GPS generated

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Posted in GPS, Space Economy