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.

Report on DOC Accomplishments in Space Commerce

View report as PDF (1.8 MB)Today, the Office of Space Commerce published a report on the Commerce Department’s space commerce accomplishments under Secretary Wilbur Ross and the Trump Administration. The report recaps the Department’s success in achieving its strategic objective to

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Posted in International Cooperation, National Space Council, Regulatory Reform, Space Economy, SSA/STM

Commerce Releases Experimental Statistics on the Space Economy

Today the Commerce Department’s Bureau of Economic Analysis (BEA) published new, experimental statistics on the U.S. space economy in the Survey of Current Business, including estimates of GDP, gross output, employment, and compensation by industry, covering 2012-2018. View statistics at

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Secretary Ross Op-Ed: Space Commerce Accelerating

Secretary of Commerce Wilbur L. Ross, Jr.

On December 16, 2020, Secretary of Commerce Wilbur Ross published an opinion piece in Space News titled, “Space Commerce Accelerating.” The op-ed discusses the role of the U.S. commercial space industry in the new space race, notes the progress made

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Posted in International Cooperation, National Space Council, Space Economy

President Trump Issues New National Space Policy

Presidential seal

Today, the White House released President Donald Trump’s National Space Policy providing direction for all United States space activities. View policy at whitehouse.gov (1.3 MB PDF) View White House fact sheet View statement from the President The National Space Policy sets

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Posted in Business with the Government, Commercial Remote Sensing, Commercial Space Solutions for NOAA, Data Buys, Export Controls, GPS, GPS Interference, GPS Modernization, Hosted Payloads, International Cooperation, International GPS Cooperation, National Space Council, Orbital Debris, Regulatory Reform, Space Economy, Space Industrial Base, SSA/STM

Secretary Ross Remarks from 8th National Space Council Meeting

Secretary of Commerce Wilbur L. Ross, Jr.

Today, Secretary of Commerce Wilbur Ross participated in the eighth meeting of the National Space Council, held at Kennedy Space Center, Florida. He delivered an update on the Administration’s efforts to foster the growth of the commercial space industry through

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Posted in National Space Council, Regulatory Reform, Space Economy, SSA/STM

Commerce Awards Matching Grant for Maine Spaceport Planning

Economic Development Administration (EDA) logo

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) awarded a $444,009 grant to the Maine Space Grant Consortium in Augusta, Maine, to develop a strategic plan for the Maine SpacePort Complex. The project, to be located in a

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Posted in Business with the Government, Space Economy

Commerce Participates in U.S.-Japan Space Dialogue

Kevin O'Connell (far left) and U.S. delegation at conference table

On August 27, Office of Space Commerce Director Kevin O’Connell represented the Commerce Department at the 7th meeting of the high-level U.S.-Japan Comprehensive Dialogue on Space in Tokyo, Japan. O’Connell provided updates on the Department’s efforts to transition the Defense

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Posted in International Cooperation, National Space Council, Space Economy, SSA/STM

July 29 Webinar on Space Economy Satellite Account

On July 29, 2020, the Department of Commerce released this webinar video on its ongoing development of a Space Economy Satellite Account to measure the size of the U.S. space economy. Following introductory remarks by Office of Space Commerce Director

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White House Releases Moon-Mars Development Strategy

On July 23, the National Space Council released “A New Era for Deep Space Exploration and Development,” a strategy paper that supports an ambitious vision for human space exploration and development. “The U.S. vision for space is one in which

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Posted in Business with the Government, National Space Council, Regulatory Reform, Space Economy

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