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.
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 …
The Commerce Department’s Bureau of Economic Analysis (BEA) and Office of Space Commerce have initiated a new effort to measure the relative importance of the space sector on the U.S. economy. Called the Space Economy …
DOC Announces New Effort to Measure the U.S. Space Economy Read more »
On December 3, Office of Space Commerce Director Kevin O’Connell delivered a keynote address at the U.S. Chamber of Commerce’s 2nd Annual Space Summit, LAUNCH: The Space Economy. Below are his remarks as prepared for …
On October 21, 2019, Secretary of Commerce Wilbur Ross hosted a Space Startup Summit in the Commerce Department auditorium. The event brought together space entrepreneurs, venture capitalists, technology accelerators, and federal agencies to explore ways …
(Update to original post of September 26, 2019) The Department of Commerce will host a special event on space startup innovation and financing on Monday, October 21, 2019, from 9:00 a.m. – 12:00 p.m., while …
Secretary Ross to Host Space Startup Summit on Oct 21 Read more »
On September 12, the Department of Commerce hosted a space commerce workshop at the NIST campus in Boulder, Colorado. The event brought together industry, academia, and federal government organizations to identify key technology and measurement …
Remarks from Space Commerce Workshop at NIST Boulder Read more »
On September 5, OSC Director Kevin O’Connell delivered the keynote address at a workshop on “Exploring the Hidden Economic Value of Space Applications” hosted by SDA Bocconi School of Management-SEE Lab, the Secure World Foundation, …
On August 6, the Office of Space Commerce hosted a public briefing to discuss a recently published study of the economic benefits of GPS. The study, sponsored by DOC’s National Institute of Standards and Technology …
On July 22, Secretary of Commerce Wilbur Ross attended at a ribbon cutting ceremony for the OneWeb Satellites satellite production facility in Merritt Island, Florida. He delivered remarks highlighting the recent economic recovery and resurgence …
Secretary Ross Remarks at OneWeb Satellites Ribbon Cutting Ceremony Read more »
On June 11, 2019, Kevin O’Connell delivered remarks at the PSSI Space Security Conference in Prague, Czech Republic. Below are his remarks as prepared for delivery. The Role of the Private Sector in Space Security …
On June 6, RTI International released a comprehensive study of the economic benefits of the U.S. Global Positioning System (GPS). The study, commissioned by the Commerce Department’s National Institute of Standards and Technology (NIST), estimates …
On March 5, Secretary of Commerce Wilbur Ross hosted an event on space risk and opportunity at the Department of Commerce. The event featured speakers from the space insurance industry and commercial providers of space …
Secretary Ross Hosts Event on Space Risk and Opportunity Read more »
On February 28, 2019, Secretary of Commerce Wilbur Ross published an opinion piece in the Orlando Sentinel titled, “Launching toward a $1 trillion space economy.” It celebrates the space industry achievements of 2018 and outlines …
Op-Ed by Secretary Ross on the $1 Trillion Space Economy Read more »
On December 12, 2018, Secretary of Commerce Wilbur Ross hosted a Space Investment Summit at the Department of Commerce, bringing together leaders from the commercial space industry and the finance community to learn about each others’ …