Commercial use of space

Commercial use of space is the provision of goods or services of commercial value by using equipment sent into Earth orbit or outer space.

The first commercial use of outer space occurred in 1962, when the Telstar 1 satellite was launched to transmit television signals over the Atlantic Ocean. By 2004, global investment in all space sectors was estimated to be US$50.8 billion. As of 2010, 31% of all space launches were commercial.

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