UBS Forecasts Global Space Economy Reaching $1.3 Trillion Total Addressable Market By 2040
UBS (UBS) projects the global space economy’s total addressable market will hit $1.3 trillion by 2040, driven by falling launch costs, expanding satellite services, and rising defence budgets. The bank’s analyst report estimates annualised growth of approximately 7%, though the forecast was trimmed by one-third from a $2 trillion scenario to account for anticipated delays…