Commerce Releases Experimental Statistics on the Space Economy

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

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Posted in Space Economy

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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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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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