🛰 Musk Challenges Goldman Sachs’ Space Economy Valuation
The Global Institute at investment bank Goldman Sachs has published an analytical report titled "The Second Space Age," detailing the transformation of global markets, technology, and geopolitical influence in the space sector.
Bank experts project that the global space economy will reach $1.8 trillion by 2035.
Analysts emphasize that space is evolving into a new pillar of the industrial economy, exerting a direct influence on terrestrial business operations and national security. While the 20th-century space industry was fully state-funded as part of Cold War geopolitical rivalry, the economics of orbital launch services have shifted dramatically over recent decades.
The primary catalysts behind falling launch costs and the boom in private enterprise include reusable rocket systems, satellite miniaturization, cheaper modern manufacturing techniques, and advances in computing power. Consequently, commercial companies have taken the lead in building infrastructure that was once the exclusive domain of government programs, with capital markets providing the necessary influx of investment.
Goldman Sachs notes that as economic frontiers expand, competition for access to orbits, launch capacity, and satellite services will inevitably intensify. Key positions in this emerging market will be secured by companies and nation-states that control critical supply chain nodes, infrastructure, and space-derived data flows.
However, not all industry leaders agree with the bank’s ultimate valuation. Commenting on the report’s publication on X, SpaceX founder Elon Musk stated that the actual size of the market will prove to be “considerably larger” than the predicted $1.8 trillion.
Source: Advanced Television
