The future of space commerce is uncertain under Trump. Here’s why

The Office of Space Commerce has been under stress in 2025 due to budget cuts and regulation hurdles.

When I imagine the future of space commerce, the first image that comes to mind is a farmers 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 $613 billion in 2024, up nearly 8% from 2023, and 250 times larger than all business at farmers markets in the United States. This number includes launch vehicles, satellite hardware, and services provided by these space-based assets, such as satellite phone or internet connection.