US Defense Fuels Expanding $613 Billion Global Space Economy (1)

The Pentagon’s spending on space grew faster than space-related military outlays by other nations in 2024, with the American total likely to soar as President Donald Trump’s administration moves ahead with his proposed Golden Dome missile shield.

The US defense space expenditure increased 7.7% from a year earlier to $49.5 billion, more than the 2.3% growth by all other nations, which spent a combined $11.3 billion for defense space programs, according to a report from the Space Foundation.

The total size of the global space economy — including commercial space products, services, infrastructure and support industries as well ...