The Space Economy: Large Satellite Groups Merge To Challenge Starlink And Kuiper

(MENAFN- GlobeNewsWire - Nasdaq) Space launches, once rare, are now frequent as companies like SpaceX pushed the space economy to $421 billion in 2024, with a projected increase to $511.2 billion by 2029. The private sector, fueled by tech advances, rivals aerospace giants in cost-effective launches, with major mergers shaping the competitive landscape.

Dublin, June 09, 2025 (GLOBE NEWSWIRE) -- The "Strategic Intelligence: The Space Economy" report has been added to ResearchAndMarkets.com's offering.
Space launches used to be rare, memorable events of global significance. Today, the launch of rockets carrying multiple satellites into orbit is increasingly commonplace. SpaceX alone launched 138 rockets in 2024.

The analyst estimates the space economy market was worth $421 billion in 2024 and will reach $511.2 billion by 2029, growing at a compound annual growth rate (CAGR) of 4% over the five-year period.
Key Highlights
Space is no longer the sole domain of governments and incumbent aerospace and defense companies. Technological advances in manufacturing, propulsion, and the launch of rockets have made it much easier and less expensive to venture into space.

Those businesses that pursued emerging opportunities have gained a first-mover advantage. SpaceX was the first private company to launch a spacecraft into orbit and return it safely to Earth. Today, it charges clients $69.5 million per launch of the Falcon 9, its partially reusable medium-lift launch vehicle.

The sector has become incredibly competitive, with various start-ups developing similar concepts for cost-effective rockets and satellites to rival the aerospace giants. The large satellite groups continue to consolidate to compete with Starlink and the future Amazon Kuiper mega-constellations. Eutelsat and OneWeb merged in 2022, Viasat acquired Inmarsat in 2023, and SES acquired Intelsat in 2024. This market consolidation will continue.

Report Scope

• The space economy can be broadly defined as the full range of activities that create value and benefits for humans while exploring, researching, understanding, managing, and using space.
• Space is an extensive industry, and a vast number of companies are helping drive this new economy. From equipment manufacturers to space operations, applications, and services, these comprise many of the world's most technologically advanced and innovative organizations.
• Understand the impact of the space economy theme. Access the latest data on the space economy theme across all sectors. Identify the leading technological advancements increasing investment into the space economy theme.
• Understand what leading players are doing in the space economy theme.

Key Topics Covered:

• Executive Summary
• Players
• Technology Briefing
• Trends
• Industry Analysis
• Value Chain
• Companies
• Glossary

Company Coverage Includes:

• AAC Clyde Space
• Aalyria
• Aerospace Corporation
• Airbus
• Allianz
• Altius Space Machines
• Amazon
• ArianeGroup
• Arturo.AI
• Astra
• Astranis
• Astroforge
• Astroscale
• ATLAS
• Atomos
• Atrium
• Avio
• Axiom Space
• Axipeter
• BlackSky
• Blue Orbit
• Blue Origin
• Boeing
• Booz Allen
• CACI
• Canopius
• CAPE Analytics
• Capella Space
• CAS Space
• CASC
• C-COM
• China Starwin
• ClearSpace
• ClimateX
• CNSA
• Cobham
• Comtec
• Comtech EF Data
• Contec
• Copernicus
• CyberOps
• DARPA
• Descartes Labs
• DLA Piper
• Energia
• EOS Data Analytics
• ESA
• European Center for Space Law
• Exolaunch
• Exotrail
• ExpanseInsure
• EY
• FAA
• Fairmont
• FCC
• FieldFisher
• Firefly Aerospace
• GAIT Global
• Galactic Energy
• GalaxySpace
• Gallagher
• General Dynamics
• Geospatial Insight
• Gilat
• Global Konet
• Global Space Consulting
• GOMspace
• Hanwha Phasor
• Hexagon
• HFW
• Hogan Lovells
• Hon Hai
• Hughes
• Imfostellar
• Impulse Space
• Infostellar
• Inmarsat
• Intellion
• Intelsat
• Invictus
• Iridium Communications
• Isar Aerospace
• Isotropic Systems
• iSpace
• ISRO
• Jones Walker
• KARI
• Kongsberg (KSAT)
• KPMG
• Kymeta
• L3Harris Technologies
• LandSpace
• Leaf Space
• Leonardo
• Lockheed Martin
• Maana Electric
• Marsh
• Maxar Technologies
• McKinsey
• MDA
• MDA (Canada)
• Microsoft
• Millbank
• Moog
• Munich Re
• Nanoracks
• Narda Miteq
• NASA
• NearSpace Launch
• Northrop Grumman
• OBH
• Obruta
• OneWeb
• Orbex
• Orbital Insights
• PA Consulting
• Parker Hannifin
• Planet Labs
• Preligens
• Priamos
• Reaction Engines
• Redwire
• Relativity Space
• Rezatec
• RHEA Group
• Rikei
• Rivada Space
• Rocket Factory Augsburg (RFA)
• Rocket Lab
• Roscosmos
• RTX
• Safran
• Satcube
• Satellogic
• SEAKR Engineering
• SES
• Sierra Nevada
• Sierra Nevada (Sierra Space)
• Skyrora
• Skywatch
• Space Pioneer
• Spaceflight
• SpaceKnow
• SpaceLink
• SpaceTec Partners
• SpaceX
• Spire Global
• ST Engineering
• Swift Geospatial
• Synspecctive
• Synspective
• Taranis
• Telesat Communications
• Telespazio
• TerraMonitor
• Tethers Unlimited
• Thales Alenia Space
• Thales Group
• The Exploration Company
• ThinKom
• ThrustMe
• TransAstra
• Trimble
• United Launch Alliance
• US Air Force
• Viasat
• Virgin Galactic
• XingWang

For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: CONTACT: Laura Wood,Senior Press Manager ... For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

MENAFN09062025004107003653ID1109650800