COLORADO SPRINGS, Colo. -- Jan. 7, 2025 -- Space Foundation, a nonprofit organization founded in 1983 as a gateway to unite the global space community, today announced that its Space Commerce Institute will launch Space Path: Space Business Bootcamp on Saturday, March 22, 2025. The all-day virtual program is designed for companies to create scalable and sustainable business models, enabling them to build a robust commercialization framework, identify opportunities for products and services, and take actionable steps toward new partnerships and market success.
The program includes live virtual sessions along with a one-on-one lightning session with expert instructors. Through these workshops, participants will explore the space economy; growth strategies in the U.S. government and commercial markets; securing customers and channel partners; and key aspects of cost structure, revenue streams, and investment. Using these new tools, participants will identify pain points and solutions to specific challenges to help them grow and achieve their goals.
"To unlock the full potential of the commercial space economy, we must reduce barriers to entry and support companies at every stage of the space value chain. This will not only strengthen our industry but also create efficient and practical solutions, ensuring that space technology delivers real-world impact and sustainable growth," remarked Kelli Kedis Ogborn, Space Foundation vice president of space commerce and entrepreneurship.
The global space economy is experiencing significant growth and is expected to reach $772 billion by 2027. This growth is driven by steady private and public sector investments, with commercial revenues accounting for 78% of the total economy. According to a McKinsey report in partnership with the World Economic Forum, by 2035, the space economy is projected to triple to $1.8 trillion fueled by lower costs and wider access to space-enabled technologies.
Participation is limited to 15 registrants to ensure personalized support and maximum engagement.
About Space Commerce Institute
Space Commerce Institute was established in 2022 by Space Foundation dedicated to connecting entrepreneurs, companies,and countries with the dynamic space economy through information experience training mentorship,and consultancy.With jobs services,and markets forecasted for considerable growth.Space Commerce Institute helps partners navigate evolving mandates from concept creation grow businesses.Initiatives study how actors transitioning around globe provide tangible roadmap help participants find place inspace.
About Space Foundation
Space Foundation is a nonprofit organization founded in1983asa gateway unite globalspace community accelerate growth success.SpaceFoundation uniquely educates collaborates informs entire workforce early education college start careers new professionals leaders highest levels government commercialindustry.Driven partnerships raises support corporate members sponsors fundraising grants.