Week in Space Data, every Friday.
SpaceNexus report · free to read
The whole report is on this page, free, with no sign-in and no email needed. Every figure comes from SpaceNexus data or from a published source linked beside it. SpaceNexus makes no forecasts of its own: the outlook section quotes other organisations' projections, with their names.
Computed November 11, 2026, 19:45 UTC from live data; the live sections refresh hourly. Where each figure comes from is under Methods and sources.
The Space Foundation’s estimate for 2025 is $686 billion (rounded from $685.6 billion), up 12% on 2024. Publishers define the space economy differently, so their totals differ.
No full-year 2026 estimate has been published yet.
Commercial activity reached $544.3 billion in 2025, 79% of the Space Foundation’s total, up 13% from $481.5 billion in 2024. Government space budgets made up the rest.
Source: Space Foundation, The State of the Global Space Economy, July 2026
Government space spending across 53 government space budgets reached $141 billion in 2025, up 7.4% from $131 billion in 2024.
Source: Space Foundation, The State of the Global Space Economy, July 2026
Novaspace’s separate estimate is $138 billion. Source: Novaspace, January 29, 2026
The Space Foundation’s compound annual growth rate for the space economy over the five years to 2025.
Source: Space Foundation, The State of the Global Space Economy, July 2026
Novaspace’s 12th Space Economy Report puts the global space economy at $626.4 billion in 2025.
Source: Novaspace, January 29, 2026
The Satellite Industry Association figures measure the satellite industry, a different scope from the space economy total. The navigation services figure is one sector inside the Space Foundation total. These rows come from different publishers and do not add up to the total.
| Segment | Revenue | Source |
|---|---|---|
| Satellite Services Revenue (2025)Satellite services revenue, including a 4% rise in remote sensing revenue, totaled $105.0 billion in 2025. | $105.0B | Satellite Industry Association (SSIR 2026), May 13, 2026 |
| Ground Equipment Revenue (2025)Ground network and GNSS equipment revenue totaled $165.2 billion in 2025, 6% more than in 2024. | $165.2B | Satellite Industry Association (SSIR 2026), May 13, 2026 |
| Satellite Manufacturing Revenue (2025)Satellite manufacturing revenue grew marginally to $20.4 billion in 2025. | $20.4B | Satellite Industry Association (SSIR 2026), May 13, 2026 |
| Commercial Launch Revenue (2025)Worldwide commercial launch revenue rose 33% to $12.4 billion in 2025. | $12.4B | Satellite Industry Association (SSIR 2026), May 13, 2026 |
| Satellite Navigation Services Revenue (2025)Services built on satellite positioning, navigation and timing generated an estimated $279.9 billion in 2025, up 18.3% from $236.6 billion in 2024, per the EU Agency for the Space Programme (EUSPA). | $279.9B | EUSPA, via the Space Foundation report, July 2026 |
Quotes via Yahoo Finance and may be delayed; some exchanges by 15 to 20 minutes. For information only, not investment advice. Check prices with your broker before trading. Full disclaimer
Listings in the SpaceNexus public-company roster that quote in US dollars, ranked by market value. Many are diversified aerospace, defense or technology groups: a market value covers the whole listed company, not only its space business. Values as of November 10, 2026, 21:30 UTC.
| # | Company | Ticker | Market value |
|---|---|---|---|
| 1 | SpaceX | SPCX · NASDAQ | $1.94T |
| 2 | Palantir Technologies | PLTR · NASDAQ | $406.77B |
| 3 | RTX Corporation (Collins Aerospace, Raytheon) | RTX · NYSE | $270.25B |
| 4 | Lockheed Martin | LMT · NYSE | $139.32B |
| 5 | Boeing | BA · NYSE | $137.39B |
| 6 | General Dynamics | GD · NYSE | $99.29B |
| 7 | Northrop Grumman | NOC · NYSE | $77.94B |
| 8 | Honeywell Aerospace | HONA · NASDAQ | $52.78B |
| 9 | L3Harris Technologies | LHX · NYSE | $51.38B |
| 10 | HEICO Corporation | HEI · NYSE | $48.23B |
| 11 | Rocket Lab | RKLB · NASDAQ | $40.10B |
| 12 | Elbit Systems | ESLT · NASDAQ | $34.70B |
| 13 | EchoStar | ECHO · NASDAQ | $30.31B |
| 14 | Curtiss-Wright Corporation | CW · NYSE | $17.34B |
| 15 | Leidos | LDOS · NYSE | $16.74B |
Market values are the US-dollar figures our daily quote sync (Yahoo Finance) writes to each profile after the US market close; listings that quote in other currencies are not written by it. The roster holds 65 listings; 21 are left out because no US-dollar market value was written for them in the last 7 days. They include large companies such as Airbus, Safran, Mitsubishi Heavy Industries, Leonardo and Dassault Aviation, whose market values are not shown here. Where two SpaceNexus profiles share one listing, its market value is counted once. Prices for every listing: Space Stocks.
Rounds come from company announcements, regulatory filings and press reports. Amounts, valuations and investors are as reported and may be incomplete or later revised. Not investment advice, and not an offer or solicitation for any security. Full disclaimer
Closed private funding rounds into space companies, as frozen in each quarter’s edition of the SpaceNexus funding tracker. IPOs, debt, grants, tender offers and acquisitions are listed separately in each edition and never added to these totals. Other trackers count differently. Why space funding totals differ.
| Quarter | Private funding | Rounds | Frozen |
|---|---|---|---|
| Q2 2026 | $3.42B | 448 undisclosed | September 29, 2026 (corrected since; see the edition) |
| Q3 2026 | $3.29B | 4516 undisclosed | October 5, 2026 (corrected since; see the edition) |
Larger 2026 rounds recorded outside these editions (in Q1, which has no edition, or reported after a quarter was frozen) are on the live funding tracker.
| Company | Round | Amount | Date | Source |
|---|---|---|---|---|
| True Anomaly | Series D | $600.0M | April 28, 2026Q2 2026 | SpaceNewsThe linked report gives $650 million, which includes $50 million of debt from Stifel Bank; the tracker counts the $600 million equity. True Anomaly’s release |
| ICEYE | Series F | $520.8M | June 9, 2026Q2 2026 | ICEYE |
| Impulse Space | Series D | $500.0M | June 2, 2026Q2 2026 | SpaceNews |
| K2 Space | Series D | $500.0M | July 30, 2026Q3 2026 | GovCon Wire |
| The Exploration Company | Series C | $450.0M | September 8, 2026Q3 2026 | European Spaceflight |
| Antares Industries | Series C | $370.0M | July 27, 2026Q3 2026 | TechCrunch |
| Isar Aerospace | Series D | $312.5M | June 9, 2026Q2 2026 | Isar Aerospace |
| Impulse Space | Series D Extension | $308.0M | September 16, 2026Q3 2026 | SatNews |
| Astranis | Series E | $300.0M | May 6, 2026Q2 2026 | Payload |
| Cowboy Space Corp | Series B | $275.0M | May 11, 2026Q2 2026 | SpaceNews |
Every edition, with its rounds as CSV: quarterly editions. Day to day: the live funding tracker.
Launch counts are completed and failed launches, orbital and suborbital, in the SpaceNexus launch table (from Launch Library 2) since January 1. The count includes suborbital flights such as New Shepard, Rocket Lab’s HASTE and Starship’s suborbital test flights, which the Space Foundation does not count as orbital.
These 15 providers flew 247 of the 260 launches. 11 more providers flew the other 13, including 2 more with 2 launches each, tied with the last one listed (ties are listed alphabetically).
The Launch Ledger began recording on August 29, 2026, so slip and on-time figures cover that date onward only. The same figures, with the December 31 Cliff, hiring and promises kept, are in State of Space 2026; method: on-time record.
6 rules, 16 proposed rules and 1 withdrawal of a proposed rule published in the Federal Register in 2026. Rules and proposed rules on launch, satellites, spectrum and space commerce that our Federal Register feed has stored for 2026, each linked to the Federal Register. Titles, dates and citations are the Federal Register’s own. This is not a complete digest.
| Published | Type | Agency | Document |
|---|---|---|---|
| 2026-11-09 | Proposed rule | Federal Aviation Administration | Conditional Expected Casualty Exception for Failures Resulting in an Uncontrolled Atmospheric Return91 FR 70813 · FAA-2026-9942 |
| 2026-11-09 | Proposed rule | Federal Aviation Administration | Flight Abort Burden Reducing Clarification on End of Flight Safety Limits91 FR 70817 · FAA-2026-9943 |
| 2026-11-09 | Proposed rule | Federal Aviation Administration | Flight Safety Limits Objectives Burden Reducing Clarification91 FR 70821 · FAA-2026- 9937 |
| 2026-11-09 | Rule | Federal Aviation Administration | Technical Corrections of Commercial Space Transportation Regulations91 FR 70785 · FAA-2026-7035 · effective 2026-11-09 |
| 2026-11-05 | Rule | Federal Communications Commission | Modernizing Spectrum Sharing for Satellite Broadband91 FR 69725 · SB Docket No. 25-157 · effective 2026-12-07 |
| 2026-10-05 | Proposed rule | Federal Aviation Administration | Digital Modernization for Licensing Electronic Application Submissions91 FR 63180 · FAA-2026-9935 |
| 2026-10-05 | Proposed rule | Federal Aviation Administration | Lightning Hazard Mitigation Burden-Reducing Exception91 FR 63199 · FAA-2026-9940 |
| 2026-10-05 | Proposed rule | Federal Aviation Administration | Overpressure Blast Effects Analysis Burden Reducing Clarification91 FR 63204 · FAA-2026-9941 |
| 2026-10-05 | Proposed rule | Federal Aviation Administration | Simplifying Physical Containment Requirements91 FR 63185 · FAA-2026-9934 |
| 2026-10-05 | Proposed rule | Federal Aviation Administration | Streamlining Flight Safety Analysis Methodology Means of Compliance91 FR 63190 · FAA-2026-9936 |
| 2026-09-08 | Proposed rule | Federal Communications Commission | Unleashing Unlicensed Spectrum for Direct-to-Device91 FR 57110 · ET Docket No. 26-169 |
| 2026-07-31 | Rule | Federal Communications Commission | Upper C-Band (3.98-4.2 GHz); Expanding Flexible Use of the 3.7 to 4.2 GHz Band91 FR 48700 · GN Docket Nos. 18-122 and 25-59 · effective 2026-09-29 |
| 2026-07-30 | Proposed rule | Federal Aviation Administration | Waiver of Specified Statutory Requirements for Commercial Space Launch and Reentry Actions91 FR 47997 · FAA-2026-8614 |
| 2026-07-21 | Rule | Federal Communications Commission | Review of the Commission's Assessment and Collection of Regulatory Fees for Fiscal Year 202591 FR 45649 · MD Docket Nos. 25-190, 24-85 · effective 2026-07-21 |
| 2026-07-06 | Proposed rule | Federal Communications Commission | Petition for Reconsideration of Action in Rulemaking Proceeding91 FR 40964 · SB Docket No. 25-157 |
| 2026-05-28 | Proposed rule | Federal Communications Commission | Space Bureau Seeks Comment on GSO Reference Links91 FR 31697 · SB Docket No. 25-157 |
| 2026-05-13 | Rule | Federal Communications Commission | Modernizing Spectrum Sharing for Satellite Broadband91 FR 26928 · SB Docket No. 25-157 · effective 2026-07-13 |
| 2026-04-23 | Proposed rule | Federal Communications Commission | Improving Customer Service and Protecting Consumers Through Onshoring91 FR 21761 · CG Docket Nos. 26-52, 17-59, 02-278, and 22-2 |
| 2026-04-15 | Proposed rule | Federal Communications Commission | Wireless Telecommunications Bureau Refreshes Record on Lower C-Band Petitions for Reconsideration91 FR 20084 · GN Docket Nos. 18-122, 25-59 |
| 2026-04-09 | Proposed rule | Federal Communications Commission | Spectrum Abundance for Weird Space Stuff91 FR 17914 · SB Docket No. 26-54 |
| 2026-01-15 | Withdrawal of a proposed rule | Federal Aviation Administration | Mitigation Methods for Launch Vehicle Upper Stages on the Creation of Orbital Debris; Withdrawal91 FR 1724 · FAA-2023-1858 |
| 2026-01-14 | Rule | Federal Communications Commission | Implementation of the Final Acts of the World Radiocommunication Conference (Geneva, 2015) (WRC-15), Other Allocation Issues, and Related Rule Updates91 FR 1405 · ET Docket No. 23-120 · effective 2026-02-13 |
| 2026-01-14 | Proposed rule | Federal Communications Commission | Implementation of the Final Acts of the World Radiocommunication Conference (Sharm el-Sheikh, 2019) (WRC-19), Revision to Table Mountain Radio Quiet Zone Field Strength Limits91 FR 1482 · ET Docket No. 23-121 |
Open comment periods and the compliance calendar: Compliance.
Projections and expected dates are estimates based on public information at the time shown. They can and do change, they are not promises or guarantees, and they are not investment advice. Full disclaimer
SpaceNexus makes no forecast of its own. These are other organisations’ projections. Each starts from its own estimate of today’s space economy and its own definition of it, so neither is a growth path from the Space Foundation figure above.
The World Economic Forum and McKinsey & Company project $1.8 trillion by 2035, up from $630 billion in 2023 and growing about 9% a year, built largely on communications, positioning, navigation and timing, and Earth observation.
Source: World Economic Forum and McKinsey & Company, April 2024
Novaspace projects growth from $626.4 billion in 2025 to $1.01 trillion by 2034, a 5.5% compound annual growth rate.
Source: Novaspace, January 29, 2026
No sponsor sees or shapes this report, and it carries no advertising. For the year in our own ledgers (launch slips, the December 31 Cliff, hiring and promises kept), see State of Space 2026.
Everything in this report, and the live pages behind it, is free to read. SpaceNexus Research adds saved screens, alerts and full-history exports built on the funding data.
The SpaceNexus newsletter. We send a link to confirm, and every email has an unsubscribe link. The report above is free to read either way.