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.
