Jan 2, 2019

U.S. space economy set to blast off in 2019

HTML EMBED:
COPY

All this week, we're looking ahead to 2019 and what's likely to be big in business and technology. This year, expect the space economy to really take off. According to Space Angels, an investment firm that specializes in aerospace, private investment in space-related businesses has gone from a handful of companies and a couple hundred million dollars in 2009 to 375 companies and $15 billion today. The Trump administration is making space a huge economic priority, as well as a military one, creating a new Space Command in December to oversee and organize the country's space-based operations. Kimberly Adams, a senior reporter at Marketplace and our resident space expert, says those moves are all part of an international race to space that's got money at its core. (01/02/19)

Segments From this episode

U.S. space economy set to blast off in 2019

Jan 2, 2019
Will America be leading the way?
Virgin Galactic's SpaceshipTwo takes off for a suborbital test flight of the VSS Unity on December 13, 2018, in Mojave, California. 
GENE BLEVINS/AFP/Getty Images

All this week, we’re looking ahead to 2019 and what’s likely to be big in business and technology. This year, expect the space economy to really take off. According to Space Angels, an investment firm that specializes in aerospace, private investment in space-related businesses has gone from a handful of companies and a couple hundred million dollars in 2009 to 375 companies and $15 billion today. The Trump administration is making space a huge economic priority, as well as a military one, creating a new Space Command in December to oversee and organize the country’s space-based operations. Kimberly Adams, a senior reporter at Marketplace and our resident space expert, says those moves are all part of an international race to space that’s got money at its core. (01/02/19)

Listening makes you smarter…
donating makes it all possible.

Our mission is to raise the economic intelligence of the country, exploring the intersection of the economy, tech, and our daily lives. As a nonprofit news organization, we count on your support – now more than ever before.

Secure the future of public service journalism today when you become a Marketplace Investor.

The team