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.
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 »
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 race, notes the progress made …
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 The National Space Policy sets …
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 the commercial space industry through …
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, to be located in a …
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 efforts to transition the Defense …
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 Office of Space Commerce Director …
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 space is one in which …
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 the Italian Space Agency and …
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 Space Economy.” Secretary Ross discussed …
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 Monterey Bay, California. Below are …