Office of Space Commerce faces an uncertain future amid budget cuts and new oversight

By Michael Liemohn, Professor of Climate and Space Sciences and Engineering, University of Michigan

When I imagine the future of space commerce, the first image that comes to mind is a farmer’s 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 US$613 billion in 2024, up nearly 8% from 2023, and 250 times larger than all business…

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