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X-Volante Explores Private Investment in Space

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X-Volante Explores Private Investment in Space

March 03
05:18 2021
Why are companies investing in space?

Why Invest in Space Now?

Although space remains a magical place for humans, it’s ultimately just another place for doing business. Today, the space economy is worth $420 billion, with commercial space revenue representing 79 percent of total space activities. If the space economy is nearly a half trillion-dollar business, how much bigger will it get? Bank of America says the commercial space market will hit $1.4 trillion by 2030. Why is the space economy growing so rapidly?

Interstellar Investments

In 2018, the space industry was valued at $360 billion and projected to grow at a compound annual growth rate (CAGR) of 5.6 percent, to value $558 billion by 2026. Commercial revenue in the space industry reached $336.89 billion, signaling growing business activity.

Market size estimates for 2020 are as follows:

1. Space equipment market: Estimated at $369 billion in 2020
2. Space propulsion market: Estimated at $6.7 billion in 2020
3. Global in-space manufacturing, servicing, and transportation market: Estimated at $1.54 billion in 2020

The new approach that private companies use to make space travel such an investment involves one concept: reusability.

Most space start-ups in the United States and Europe are being funded privately, with venture capital accounting for nearly 50 percent of all funds. The United States is dominating the race for space innovation, with nearly 84 percent of all funding volume going to US companies. The outlook for 2021 looks bright as well, with several pending launches likely to get underway as soon as pandemic restrictions ease and logistics challenges wane, resulting in CAGR estimates of ~5 percent and more.

The modern space race is not a fight for dominance but commercial viability. It’s about introducing the world economy to the possibility of space industries, including tourism, food, travel, and even entertainment. It must begin as a financially viable technology, which in this case means reusable.

Get x-Volante’ “Space Billions” Report

To learn more about our Space Billions Report, investment opportunities, and how AI is used in the space market, visit

x-Volante provides quarterly space billions reports to keep companies prepared for a future in space.

Media Contact
Company Name: X-Volante
Contact Person: Jarrell Chalmers & Ina Wanca
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Phone: (929)-399-6340
Country: United States