Positioning Washington State in the NewSpace Race

Abstract

This report highlights the central role Washington state can play in fostering the next generation of space startups as a renowned space hub. The NewSpace industry is estimated to become a trillion-dollar industry by 2030, according to Morgan Stanley.1 Nano-satellites, big data, and rocket innovation are unleashing a torrent of commercial opportunity for companies capable of harnessing unprecedented access to space. With a legacy of innovative aerospace and technology companies, world-class research institutions, and an entrepreneurial culture, Washington already has a vital foundation for cultivating the next generation of companies in the NewSpace sector.