Goldman Sachs says space economy’s path to $1 trillion is a matter of when, not if

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Goldman Sachs says the space economy’s growth to $1 trillion is a matter of when, not if, with the sector currently at about $625 billion and consensus timing pointing to the mid-2030s or 2040s. Commercial companies now drive roughly 80% of that activity, a complete reversal from 80% government control a generation ago, creating what the firm calls a flywheel effect of investment and development. Falling launch costs are the main engine, widening the addressable market for satellite operators, imaging firms, and eventually lunar logistics. Among pure-play names, AST SpaceMobile reported first-quarter 2026 revenue of $14.7 million, up 1,952% year over year, and reaffirmed full-year guidance of $150 million to $200 million, while Firefly Aerospace posted first-quarter revenue of $80.88 million, up 44.8%, and maintained its 2026 outlook of $420 million to $450 million. The Procure Space ETF, a basket of 47 space-related stocks, has returned 70.72% over five years but is down 13.43% in the past month amid a sell-off in high-beta names.

Impact on stocks 3

Space Economy · 2 stocks
Ast Spacemobile Inc
ASTS
▲ PositiveDemandrelevance

Reported Q1 2026 revenue up 1,952% YoY and reaffirmed full-year guidance of $150M-$200M, indicating strong end-customer demand.

Financials · 1 stocks

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