What is Space Economy?

Images of space economy

The space economy involves activities that generate value through space exploration, research, and utilisation. Space enhances communication, navigation, environmental monitoring, disaster response, resource management, and even tourism. These drive economic growth, improve societal welfare, and promote sustainability by enabling smarter cities, precision agriculture, climate monitoring, and global connectivity – and much more.

What SpacEconomy does?

Images of space economy

We're a consortium of academia, industry, citizens, and public institutions, leveraging expertise in space tech, economics, governance, social sciences, and AI to drive economic reform, productivity, and welfare. Our research focuses on AI-powered satellite data tools, sustainable business models, global collaborations, and resilient regulatory frameworks for dual-use tech, ensuring security and trust.

Finland is a spacefaring nation

Images of space economy

Since launching Finland's first satellite in 2017, the country has emerged quickly as a key player in the new-era space industry. Strong academic foundations and agile public funding spurred initial growth, followed by significant private investment.

Giving the second push

Aalto 1 satellite

Meanwhile, the public and academic sectors struggle to scale, hindering ecision-making and support for the evolving space economy. The SpacEconomy collaboration unites universities and research institutes that propelled Finland into the space age – and now we ignite our engine again.