Space Industry Funding: Public and Private sector

Abstract

This paper examines the funding sources of space industry. First, an overview of the space economy and investment flows in the industry is presented. Long-run trends indicate an increase in public and private investment in the space industry. Government funding is the most important source of funding for space programs. Also, the international cooperations in this industry has played a significant role in the development path of space activities. On the other hand, more applications in the services and other economic sectors has increased the entry incentives for private investors. Therefore, financing space projects through private funds is also one of the growing trends in the space industry. The findings show that the shift of governments from construction investments to commercialization investments. In contrast, the increasing application of space activities and the digitalization pattern of the industry have paved the way for micro-actors to enter with less financial resources.

Keywords

• space industry
• space funding
• government financing
• private sector
• share of space industry from gdp