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 February 13, the Office of Space Commerce and the National Institute of Standards and Technology (NIST) co-hosted a public seminar on building a circular space economy. View video recording at NIST.gov The circular space …
On January 17, Deputy Secretary of Commerce Don Graves published an opinion piece in Space News citing the Commerce Department’s accomplishments to advance U.S. leadership in the commercial space industry. The op-ed also notes further …
On January 14, Deputy Secretary of Commerce Don Graves released a report on the Commerce Department’s commercial space accomplishments during his and Secretary Raimondo’s tenure. The report covers many achievements across multiple bureaus of the …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
Commerce Releases Experimental Statistics on the Space Economy Read more »
On December 16, 2020, Secretary of Commerce Wilbur Ross published an opinion piece in Space News titled, “Space Commerce Accelerating.” The op-ed discusses the role of the U.S. commercial space industry in the new space …
Secretary Ross Op-Ed: Space Commerce Accelerating Read more »
Today, the White House released President Donald Trump’s National Space Policy providing direction for all United States space activities. View policy at archives.gov (1.3 MB PDF) View White House fact sheet View statement from the President …
President Trump Issues New National Space Policy Read more »
Today, Secretary of Commerce Wilbur Ross participated in the eighth meeting of the National Space Council, held at Kennedy Space Center, Florida. He delivered an update on the Administration’s efforts to foster the growth of …
Secretary Ross Remarks from 8th National Space Council Meeting Read more »
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) awarded a $444,009 grant to the Maine Space Grant Consortium in Augusta, Maine, to develop a strategic plan for the Maine SpacePort Complex. The project, …
Commerce Awards Matching Grant for Maine Spaceport Planning Read more »
On August 27, Office of Space Commerce Director Kevin O’Connell represented the Commerce Department at the 7th meeting of the high-level U.S.-Japan Comprehensive Dialogue on Space in Tokyo, Japan. O’Connell provided updates on the Department’s …
Commerce Participates in U.S.-Japan Space Dialogue Read more »
On July 29, 2020, the Department of Commerce released this webinar video on its ongoing development of a Space Economy Satellite Account to measure the size of the U.S. space economy. Following introductory remarks by …
July 29 Webinar on Space Economy Satellite Account Read more »
On July 23, the National Space Council released “A New Era for Deep Space Exploration and Development,” a strategy paper that supports an ambitious vision for human space exploration and development. “The U.S. vision for …
White House Releases Moon-Mars Development Strategy Read more »
On June 11, Office of Space Commerce Director Kevin O’Connell participated in a discussion of “The New Space Economy: Achieving Value and Reaching Potential Together,” part of the “From Home to Space” series sponsored by …
Remarks from U.S.-Italian Event on the New Space Economy Read more »
On January 22, Secretary of Commerce Wilbur Ross delivered remarks about space commerce at the World Economic Forum in Davos, Switzerland. He spoke during an event titled, “A New Space Race: Getting to the Trillion-Dollar …
Secretary Ross Remarks from World Economic Forum 2020 Read more »
On January 14, Office of Space Commerce Director Kevin O’Connell delivered a keynote address and moderated a panel on “Business Models of the Space Economy: Where is the Money?” at the GeoBuiz Summit 2020 in …