The space industry is currently valued at around $350bn, and Morgan Stanley forecasts that this sector will increase to generate more than $1trn by 2040. Space technology is used in everyday life and non-space companies can even use these developments for their own related services and products. In fact, the United Nations Office for Outer Space Affairs (UNOOSA) considers the space economy to be crucial for socio-economic development and therefore, it is promoting better cooperation on a global level.
Pure play space companies usually focus on one specific industry or sector and these tend to receive over 50% of their revenue from space-related services. In general, space companies can be involved in any of the following: