Space sector study briefing at Economic Development Board

Board to discuss findings on July 11

A new study looks at how the central Puget Sound region can sustain and grow its global leadership in the rapidly growing commercial space sector.

Today the space economy is valued at about $350 billion worldwide, but is estimated to grow to $1.1 trillion by 2040. 

World leading space companies such as Blue Origin, SpaceX, Boeing, Spaceflight Industries, Aerojet Rocketdyne, and Stratolaunch are already active in the region.

The sector supports about 6,200 jobs in the region and contributes an estimated $1.76 billion in economic activity annually in Washington state.

On July 11, the Economic Development Board will discuss results from the commercial space sector study. The final report is expected to be available later this month.  

Also on the Economic Development Board’s agenda:

  • Ratifying the board’s Executive Committee for the 2018-2019 term
  • Adopting the supplemental budget and work program for FY 2018-2019
  • Aerospace Competitive Economics Study

The Economic Development Board will meet on Wednesday, July 11, 1-3 p.m., at PSRC.  Find the full agenda here or watch the meeting video.