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.

Secretary Ross Remarks at U.S. Chamber of Commerce

Secretary Wilbur Ross speaking at the U.S. Chamber of Commerce LAUNCH event

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

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Posted in Space Economy, SSA/STM

Secretary Ross Remarks to AIA

On November 29, 2018, Secretary of Commerce Wilbur Ross addressed the Aerospace Industries Association (AIA) at its 2018 Fall Board of Governors meeting in Laguna Niguel, California. His remarks described the broad range of activities in which the Department of

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Posted in Regulatory Reform, Space Economy, SSA/STM

Remarks on the Trillion Dollar Space Economy

On November 27, 2018, Kevin O’Connell delivered a keynote address at the SpaceCom 2018 conference in Houston, Texas. Below are his remarks as prepared for delivery. Good morning, ladies and gentlemen. My name is Kevin O’Connell, and I am the

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Posted in Space Economy, SSA/STM

Published Article on Economic Benefits of GPS

The September 2015 issue of GPS World magazine includes an article by economist Irv Leveson on the economic productivity benefits of GPS. The Office of Space Commercialization led the interagency team of federal economists and subject matter experts who guided

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Posted in GPS, Space Economy

Presentation on GPS Economic Study

On June 11, economist Irv Leveson delivered a public presentation on the preliminary results of his ongoing study on the economic benefits of GPS. The Office of Space Commercialization leads the interagency team of federal economists and subject matter experts

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Posted in GPS, Space Economy