Tuesday, April 13, 2010

Report: Space Industry Growing

Florida Today reports that the global space industry grew by 40% over the last five years, according to a study by the Space Foundation.

Click here to read the Space Foundation press release. To quote from the press release:

"While other industries struggled dramatically over the past year, the space industry defied the upheaval and broadened its fields of endeavor," said Space Foundation Chief Executive Officer Elliot Pulham. "This is due, in large part, to the space industry's growing array of products and services and its increasing globalization."

One would hope this would silence the critics of the Obama administration's proposed FY 2011 NASA budget who claim there's no market for commercial space services. But the space-industrial complex trying to preserve the status quo is unlikely to remain silent.

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