A New Cape: The space economy is on the edge of liftoff
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A New Cape: The space economy is on the edge of liftoff

A New Cape: The space economy is on the edge of liftoff

There’s a new Cape in town. Cape Canaveral, the epicenter for American space exploration, has been transformed by a unique mix of game-changing pioneers and legacy powerhouses from a launching pad to the hub of the new space economy on the edge of liftoff, entering an unprecedented era in space access. 

PARADIGM SHIFT: Make Them and Launch Them 

No longer just a launch site, the Cape and Kennedy Space Center are now home (or soon to be home) to fast growing space manufacturing operations.

Blue Origin employment reached over 1,000 from its Merritt Island manufacturing facility, which now boasts more than 1 million square feet of manufacturing, test, and launch facility space, where it will produce and launch its New Glenn mega rocket. 

In 2021, Lockheed Martin opened its Spacecraft Test, Assembly and Resource (STAR) Center in Titusville. This $20 million 55,000-square-foot factory of the future features business and digital transformation innovations that will expand manufacturing, assembly and testing capacity for NASA’s Orion spacecraft program, and ultimately, future space exploration. 

Sidus Space, a successful spinoff of Craig Technologies on the Cape, is a “Space as a Service” company focusing on commercial satellite design, manufacture, launch, and data collection. 

OneWeb Satellites’ futuristic factory at Kennedy Space Center uses high-tech tools and software to assemble satellites — completing two per day — for the company’s satellite constellation, providing global satellite Internet broadband services to people everywhere. 

All this with the new era of space access around the corner with launches coming from; SpaceX Starship, Boeing Starliner, Astra, NASA’s SLS and Artemis, the ULA Vulcan Centaur, Sierra Space Dream Chaser, Relativity Space and more.  

COMING SOON

Space Perspective, the world’s leading luxury spaceflight experience company, announced the selection of the Space Coast for the company’s world-class launch operations. The company is planning a campus for their capsule and balloon manufacturing facility, laboratories, and operations infrastructure from launch to mission control – all launching from the Cape. 

Terran Orbital will construct its Commercial Spacecraft and Constellation Facility, the world’s largest satellite manufacturing facility, bringing valuable spacecraft manufacturing opportunities and capabilities and 2,100 new jobs with an estimated annual average wage of $84,000 by late 2025.

The Future

Morgan Stanley’s Space Team estimates that the roughly $350 billion global space industry could surge to over $1 trillion by 2040. By 2030, the annual launch rate is projected to increase to nearly 100 launches per year. 

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