New Markets
Saturday, 7/18, 07:33 AM
UBS Sees the Space Economy Reaching $1.3 Trillion by 2040
- The Swiss bank UBS projects that the global 'space economy' could grow to around $1.3 trillion by 2040, up from roughly $400-500 billion today, as launch costs fall and satellite services expand.
- It is a forecast, not a fact, and it sits at the higher end of a cluster of Wall Street estimates.
- Here is what the number rests on and how to read it.