Title page
Contents
The Commercial Context 2
Challenges to and Opportunities for NewSpace Industry Growth 5
Allied Advancements in NewSpace 8
Recommendations for US and Allied Policymakers 11
Conclusion 12
Figure 1. Characteristics of NewSpace Companies 2
Figure 2. US gross domestic product, R&D, and ratio of R&D to gross domestic product (and components): 1953-2021 3
Figure 3. Government Expenditure on Space Programs in 2020 and 2022, by Major Company 6
Figure 4. Government Space Budget Allocations for Selected Countries and Economies (measured as a share of GDP in 2020) 6
Figure 5. Value of investments in space ventures worldwide from 2000 to 2021, by type 7
Figure 6. Commercial Opportunities for NewSpace Companies 8