Global Commercial Space Launch Market to Quadruple by 2034
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy NOC?
Source: Globenewswire
- Market Growth Potential: The global commercial space launch market is projected to grow from $8.2 billion in 2024 to $31.9 billion by 2034, nearly quadrupling, which reflects the accelerating demand for small satellites and presents significant opportunities for related companies.
- Increased Defense Spending: Congress approved an $839 billion defense budget for fiscal 2026, including $4 billion for missile warning and tracking satellites and $13.4 billion for integrating space and missile defense systems, highlighting the emphasis on space technology for national security.
- Leadership Change: Starfighters Space appointed Tim Franta as CEO, marking the company's transition into its commercialization era; Franta brings over 20 years of experience in space commercialization, which will drive the company's technological and market advancements.
- Technical Milestones: Starfighters Space completed subsonic and supersonic wind tunnel testing for STARLAUNCH 1, validating design maturity, and is expected to conduct a Critical Design Review in the coming weeks, further enhancing its space launch capabilities.
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Analyst Views on NOC
Wall Street analysts forecast NOC stock price to fall
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 710.900
Low
630.00
Averages
684.08
High
770.00
Current: 710.900
Low
630.00
Averages
684.08
High
770.00
About NOC
Northrop Grumman Corporation is a global aerospace and defense technology company. Its segments include Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. Aeronautics Systems is engaged in the design, development, production, integration, sustainment and modernization of military aircraft systems for the United States Air Force, the United States Navy, other United States government agencies, and international customers. Defense Systems is engaged in the design, engineering, development, integration, and manufacturing of deterrent systems, advanced tactical weapons, and missile defense solutions. Mission Systems is a provider of mission solutions and multifunction systems. Its products and services include command, control, communications and computers, and reconnaissance (C4ISR) systems. Space Systems delivers end-to-end mission solutions through the design, development, integration, production and operation of space, missile defense, and launch systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Contract Value: In July, the Pentagon awarded contracts worth up to $200 million each to Anthropic and three other companies to develop frontier AI capabilities tied to national security, indicating a deepening reliance on commercial AI technology.
- Shift in Control: As AI technology rapidly evolves, private companies are becoming the primary drivers of frontier capabilities, diminishing government control over technology development, which could impact the effectiveness of national security decision-making.
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