Helping U.S. businesses use the unique medium of space to benefit our 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.
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 …
Commerce Awards Matching Grant for Maine Spaceport Planning Read more »
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 …
Commerce Participates in U.S.-Japan Space Dialogue Read more »
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 …
July 29 Webinar on Space Economy Satellite Account Read more »
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 …
White House Releases Moon-Mars Development Strategy Read more »
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 …
Remarks from U.S.-Italian Event on the New Space Economy Read more »
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 …
Secretary Ross Remarks from World Economic Forum 2020 Read more »
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 …
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 …
DOC Announces New Effort to Measure the U.S. Space Economy Read more »
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. …
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 …
(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) …
Secretary Ross to Host Space Startup Summit on Oct 21 Read more »
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 …
Remarks from Space Commerce Workshop at NIST Boulder Read more »