Helping U.S. businesses use the unique medium of space to benefit our economy
On June 27, 2023, the Commerce Department’s Bureau of Economic Analysis (BEA) released updated statistics on the U.S. space economy, building on earlier estimates published in December 2020 and January 2022. The statistics show that, in 2021, the U.S. space …
Commerce Updates U.S. Space Economy Statistics for 2012-2021 Read more »
On March 28, 2022, the White House released the President’s Fiscal Year (FY) 2023 budget request for the Department of Commerce. The President’s budget proposes $87.7 million for the Office of Space Commerce, a $77.7 million increase above the FY …
FY23 Budget Proposes $87.7M for Office of Space Commerce Read more »
On January 26, 2022, the Commerce Department’s Bureau of Economic Analysis (BEA) released updated statistics on the U.S. space economy, building on the preliminary estimates published in December 2020. The revised figures show that, in 2019, the U.S. space economy …
Commerce Releases Updated Space Economy Statistics for 2012-2019 Read more »
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 …
Commerce Releases Experimental Statistics on the Space Economy 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 »
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. …