The global space economy grew last year at the fastest annual rate since 2014, according to a report by the Space Foundation.
Total output by the world's governments and corporations in the realm of rockets, satellites and more expanded by 9% year-over-year, the report found.
Space Foundation CEO Tom Zelibor told CNBC that the space economy is expected to weather market volatility and macroeconomic pressures, and continue growing this year. The global space economy grew last year at the fastest annual rate since 2014, hitting a record of $469 billion, according to a report by the Space Foundation released Wednesday.
Total output by the world's governments and corporations in the realm of rockets, satellites and more expanded by 9% year-over-year, the report says. While 2022 has seen a slowdown in U.S. markets and the economy, Space Foundation CEO Tom Zelibor told CNBC that the space economy is expected to weather the storm and continue growing this year.Download NBC 5 Dallas-Fort Worth
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