The size of the space economy may have been exaggerated , according to a member of the Advisory Committee on Commercial Remote ##ability ( ACCRES ) . Commerce Secretary Wilbur Ross had told an ACCRES meeting that the current value of the space economy was $ 400bn and set to be at least $ 1tn by 2040 . However , the Lal of the Science and Technology Policy Institute conducted a survey put that economy at $ 384bn in value . She said taking double counting and unrelated incomes cut the economy ’s forecast size in half and that an estimated 11 % annual growth rate was not consistent with current trends .
The size of the space economy may have been exaggerated, according to a member of the Advisory Committee on Commercial Remote Sensing (ACCRES). Commerce Secretary Wilbur Ross had told an ACCRES meeting that the current value of the space economy was $400bn and set to be at least $1tn by 2040. However, Bhavya Lal of the Science and Technology Policy Institute said a survey put that economy at $384bn in 2018. She said taking double counting and unrelated incomes cut the economy’s forecast size in half and that an estimated 11% annual growth rate was not consistent with current trends.