Office of Space Commerce faces an uncertain future amid budget cuts and new oversight

By: Michael Liemohn, University of Michigan

Outlets: The Conversation

Published: October 22, 2025

Words: 1,269

Last Updated: 1 month ago

Body Text Preview

By Michael Liemohn, University of Michigan

When I imagine the future of space commerce, the first image that comes to mind is a farmer’s market on the International Space Station. This doesn’t exist yet, but space commerce is a growing industry. The Space Foundation, a nonprofit organization for education and advocacy of space, estimates that the global space economy rose to US$613 billion in 2024, up nearly 8% from 2023, and 250 times larger than …

Create a free account to access this story and more

Join Plucky Wire to access full stories, collaborate with newsrooms, and discover content from networks around the world.

Email Us