In the United States alone, the U.S. Chamber of Commerce estimates that $31 billion was invested in the private space economy over the past ten years, nearly a third of which—$10 billion—came during the first three quarters of last year alone. While Morgan Stanley estimates the global space economy will reach $1 trillion by 2040, senior CFTC economist, George Pullen, puts the number closer to $4 trillion by the same year.
“In an idealized version of the future space economy, we will have both national actors, private actors, large corporations all functioning together in an economy where they need to buy and sell, and trust each other as they buy and sell,” says Pullen, speaking in his capacity as a founder of consulting firm, MilkyWayEconomy. “Blockchain technology gives us a base layer to solve for that. And so I think by default, that becomes the base layer of all of those transactions in space.”
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