50 Years After the Moon Landing, Money Races Into Space

Fifty years after the Apollo 11 moon landing, countries and private companies alike are spending on satellites and space exploration.
July 22, 2019, 10:30 AM UTC

Fifty years after the Apollo 11 astronauts first walked on the moon, global investment in space is blasting off again. According to new data from space-market specialists Euroconsult, last year 18 countries spent at least $200 million on space-related activities, from satellites to exploration. While the U.S. remains on top, other nations are gaining. China has increased space spending 349% over 15 years. That’s just on the government side. Private investment in space is also reaching a new orbit. A total of $22.3 billion has been invested in 476 space companies since 2009, according to investment firm Space Angels.

A version of this article appears in the August 2019 issue of Fortune with the headline “Money Races Into Space.”

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