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.

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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Posted in Space Economy

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

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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Posted in Space Economy

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