Novaspace, the space consulting and market intelligence firm, has released the 24th edition of its annual Government Space Programs (GSP) report. The report reveals that global government space investments reached approximately $135 billion (€131.4bn) in 2024, a 10 per cent increase compared to 2023. Defence spending, now the majority of budgets at $73 billion (54 […]
Space42 is the newly-established combination of Abu Dhabi’s Al Yah (YahSat) and Bayanat AI, which operates the Thuraya fleet of satellites. Its latest, Thuraya 4, was launched on January 3rd into its transfer orbit and on its way to a location at 44 degrees East. The company says that Thuraya 4 has a firm backlog […]
Novaspace, the space consulting and market intelligence firm, has released the 11th Edition of its Space Economy Report, forecasting the global space economy to grow from $596 billion (€578.1bn) in 2024 to $944 billion by 2033. This steady growth, driven primarily by advancements in downstream solutions, marking a pivotal decade for the industry. The report […]
Longshot Space Technology is challenging the established ‘rockets-into-space’ status quo with a planned 500-metre-long pneumatic cannon designed to launch payloads into orbit and with no rockets required. CEO Mike Grace is betting on a physics-proven, cost-efficient approach to disrupt the $580 million+ space tech market. He commented: “It’s a million times easier to make a […]
The European Commission’s new head of its Defence & Space (DG DEFIX) portfolio has started work. Andrius Kubilius, the former prime minister of Lithuania, assumed office on December 1st. He will work under Ursula von der Leyen who is the continuing president of the Commission. Commissioner Kubilius held a staff meeting on Dec 1 and […]
At the 2024 Better Satellite World Awards Dinner, the SSPI UK Chapter named Dr David Parker FRAeS, Visiting Professor of Space Systems and Policy at the University of Southampton and former Chief Executive at the UK Space Agency, as its 9th Satellite Personality of the Year. The Satellite Personality of the Year Award celebrates an […]
The UK space sector is enjoying impressive progress and is said to be expanding faster than the UK economy. A report from Heligan Group forecasts that M&A activity will continue to grow in 2025 due to increasing government funding, the falling cost of launches, and the adoption of new technologies, such as satellite-based quantum key […]
The Earth Observation (EO) Market is set for significant growth, according to the 17th edition of the Earth Observation Data and Services Market report by Novaspace, the space consulting and market intelligence firm. Currently valued at $5 billion (€4.7bn), Novaspace projects the EO market to exceed $8 billion by 2033, with the services segment growing […]
Thales Alenia Space (TAS), much rumoured to be considering merging itself with rivals Airbus Defence & Space, has very publicly stated that it can live quite happily without a merger. At a presentation on November 14th made by CEO Hervé Derrey he explained how he saw 2025 – and beyond – panning out. He said […]
The North East’s reputation for space research and innovation has been recognised with the announcement of £2.5 million (€3m) from the Engineering and Physical Sciences Research Council (EPSRC). The funding has been awarded to a consortium of academic, civic and industry partners who together will form the North East Space Communications Accelerator (NESCA), which is […]