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.
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…
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…
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…
On July 22, Secretary of Commerce Wilbur Ross attended at a ribbon cutting ceremony for the OneWeb Satellites satellite production facility in Merritt Island, Florida. He delivered remarks highlighting the recent economic recovery and resurgence of the Florida Space Coast.…
On June 11, 2019, Kevin O’Connell delivered remarks at the PSSI Space Security Conference in Prague, Czech Republic. Below are his remarks as prepared for delivery. The Role of the Private Sector in Space Security Fifth PSSI Space Security Conference…
On June 6, RTI International released a comprehensive study of the economic benefits of the U.S. Global Positioning System (GPS). The study, commissioned by the Commerce Department’s National Institute of Standards and Technology (NIST), estimates that GPS generated $1.4 trillion…
On March 5, Secretary of Commerce Wilbur Ross hosted an event on space risk and opportunity at the Department of Commerce. The event featured speakers from the space insurance industry and commercial providers of space situational awareness data and services.…
On February 28, 2019, Secretary of Commerce Wilbur Ross published an opinion piece in the Orlando Sentinel titled, “Launching toward a $1 trillion space economy.” It celebrates the space industry achievements of 2018 and outlines five elements needed to further…
On December 12, 2018, Secretary of Commerce Wilbur Ross hosted a Space Investment Summit at the Department of Commerce, bringing together leaders from the commercial space industry and the finance community to learn about each others’ needs. Secretary Ross moderated a…
On December 6, Secretary of Commerce Wilbur Ross addressed the U.S. Chamber of Commerce at the LAUNCH: Industry Taking Off summit in Washington, D.C. Secretary Ross spoke about the growth of the commercial space industry and the ways in which…