Helping U.S. businesses use the unique medium of space to benefit our economy
The Commerce Department facilitates the growth of the U.S. space economy through a variety of means, including studying economic trends in the commercial space market and supporting the space sector’s needs for commercial financing and insurance.
On March 11, 2024, the White House released the President’s Fiscal Year (FY) 2025 budget request for the Department of Commerce. The President’s budget proposes $75.6 million for the Office of Space Commerce (OSC), a $10.6 million increase above the …
FY25 Budget Proposes $75.6M for Office of Space Commerce Read more »
On December 13, OSC Director Richard DalBello testified before the Senate Committee on Commerce, Science, and Transportation, at a hearing on “Government Promotion of Safety and Innovation in the New Space Economy.” Below is his opening statement as prepared for …
Senate Testimony on Mission Authorization and SSA Read more »
On October 12, 2023, Deputy Secretary of Commerce Don Graves delivered virtual remarks at The Economist’s Space Economy Summit, addressing the Department of Commerce’s efforts to grow the space economy. Among other topics, he discussed how the Department is working to improve …
Remarks from The Economist’s Space Economy Summit Read more »
On June 27, 2023, the Commerce Department’s Bureau of Economic Analysis (BEA) released updated statistics on the U.S. space economy, building on earlier estimates published in December 2020 and January 2022. The statistics show that, in 2021, the U.S. space …
Commerce Updates U.S. Space Economy Statistics for 2012-2021 Read more »
This morning, Deputy Secretary of Commerce Don Graves delivered keynote remarks during the plenary session of the Space Symposium in Colorado Springs, CO. His remarks provided an update on the Commerce Department’s activities to promote space commerce. View remarks at …
On March 28, 2022, the White House released the President’s Fiscal Year (FY) 2023 budget request for the Department of Commerce. The President’s budget proposes $87.7 million for the Office of Space Commerce, a $77.7 million increase above the FY …
FY23 Budget Proposes $87.7M for Office of Space Commerce Read more »
Today, the Commerce Department issued a news release touting its role in helping American companies succeed in the new frontier of space commerce. The Department’s new strategic plan released March 28, 2022, includes objectives to advance and promote commercial space industry innovation. …
Commerce News Release on Trade Advocacy Wins for U.S. Commercial Space Firms Read more »
Today, the Department of Commerce released its updated Strategic Plan for 2022-2026. Strategic Objective 1.7 of the plan is to “Advance U.S. leadership in the global commercial space industry.” View the strategic plan (16 MB PDF)Learn more at commerce.gov Strategic …
Space Commerce in DOC’s Strategic Plan for 2022-2026 Read more »
On January 26, 2022, the Commerce Department’s Bureau of Economic Analysis (BEA) released updated statistics on the U.S. space economy, building on the preliminary estimates published in December 2020. The revised figures show that, in 2019, the U.S. space economy …
Commerce Releases Updated Space Economy Statistics for 2012-2019 Read more »
On July 9, the Commerce Department’s National Telecommunications and Information Administration (NTIA) released a report titled, “The Spectrum Needs of U.S. Space-Based Operations: An Inventory of Current and Projected Uses.” View report at NTIA.gov The report aims to provide basic …
View report as PDF (1.8 MB)Today, the Office of Space Commerce published a report on the Commerce Department’s space commerce accomplishments under Secretary Wilbur Ross and the Trump Administration. The report recaps the Department’s success in achieving its strategic objective to …
Today the Commerce Department’s Bureau of Economic Analysis (BEA) published new, experimental statistics on the U.S. space economy in the Survey of Current Business, including estimates of GDP, gross output, employment, and compensation by industry, covering 2012-2018. View statistics at …
Commerce Releases Experimental Statistics on the Space Economy Read more »