The global space industry is expected to generate more than $1 trillion in revenue by 2040.

Driven by advancements in technology, increased investment, and growing demand for satellite-based services such as broadband internet, GPS navigation, and earth observation. The growth of the industry is also fuelled by the increasing demand for space-based solutions for Earth problems and the development of new commercial space activities like space tourism, lunar mining, and space-based solar power. Governments’ investment in space and the growth of the industry is expected to have a significant impact on the global economy, creating new jobs and driving innovation.

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