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How much money private and public companies have poured into space

GOBankingRates Logo By Daria Uhlig of GOBankingRates | Slide 1 of 11: For every industry, there's a batch of startups ready to turn the status quo on its head. That's certainly the case within the $350 billion space industry, which is experiencing a major shift toward privatization. From space tourism to inflatable space station modules, private space companies are pulling out all the stops. Armed with $3.9 billion worth of private investment money in 2017 alone, private space companies have produced rockets that are cheaper than government-issue modules and have better mission success rates. And they're poised to match the capacity of government rockets, too, according to Space Investment Quarterly. Analysts expect these advances to drive the space industry's value to between $1.1 trillion and $2.7 trillion by 2040, CNBC reported, making it a fast-growing industry to invest in this year.Click through to learn about some of the major players in this new space race toward privatization.

For every industry, there's a batch of startups ready to turn the status quo on its head. That's certainly the case within the $350 billion space industry, which is experiencing a major shift toward privatization. From space tourism to inflatable space station modules, private space companies are pulling out all the stops.

Armed with $3.9 billion worth of private investment money in 2017 alone, private space companies have produced rockets that are cheaper than government-issue modules and have better mission success rates. And they're poised to match the capacity of government rockets, too, according to Space Investment Quarterly. Analysts expect these advances to drive the space industry's value to between $1.1 trillion and $2.7 trillion by 2040, CNBC reported, making it a fast-growing industry to invest in this year.

(Note: All figures in U.S. dollars. Check out our Currency Converter for the latest values.)

Click through to learn about some of the major players in this new space race toward privatization.

© Official SpaceX Photos / United States

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