The space economy is projected to reach $1.8 trillion by 2035

Space is no longer a distant frontier; it's woven into the fabric of our daily lives, from the morning weather report on your smartphone to the delivery of your evening meal. “While mega rocket launches and record spaceflights are the headlines that capture the public’s imagination, routine rocket launches and satellite data services are, in fact, the product of decades of behind-the-scenes innovation,” write McKinsey senior partner Ryan Brukardt and Jeremy Jurgens, managing director, World Economic Forum. “And they are delivering greater benefits to a more diverse set of stakeholders than ever before—including in industries as varied as food and beverage; retail, consumer goods and lifestyle; supply chain and transportation; and even climate disaster mitigation.” Explore these insights to understand how businesses across sectors can leverage space-based solutions to enhance operations, create new markets, and tackle some of the world's most pressing challenges.

Space: The $1.8 trillion opportunity for global economic growth

The case for space

Space: The missing element of your strategy

The future of space: It’s getting crowded out there

How will the space economy change the world?

MORE FROM MCKINSEY

World Economic Forum: A debrief of Davos 2025