Space Economy Set to Triple by 2035, Driving Innovation and Security

The VanEck whitepaper highlights how geopolitical, technological, and commercial forces are propelling the global space economy into a new phase of growth and strategic importance.

• The sector, valued at ~$596 billion in 2024, is projected to reach $1.8 trillion by 2035, outpacing global economic growth.

• Low Earth Orbit (LEO) satellites are reshaping connectivity, with nearly 27,000 expected in orbit by 2030, supporting both commercial and defense applications.

• Governments and private firms are intensifying investment in space defense, cybersecurity, and satellite resilience, reinforcing space as a strategic frontier.

For a deeper dive into the opportunities and risks shaping space investments, readers are encouraged to explore the full report.