US Tops Global Government Space Spending

The Space Foundation tracks the global space economy, highlighting the US as the leader in government spending, particularly in space defense. In 2022, the US spent $69.9 billion, with $43 billion on defense. Other nations spent $11 billion combined. China is the second-largest spender, with 14% of global government spending. The space economy is valued at $546 billion, with commercial revenue making up nearly 80%. Companies like Blue Origin and Virgin Galactic are leading in human space flight, with Virgin Galactic recently announcing its first private astronaut mission.

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What was the impact on Virgin Galactic stocks after announcing its first private astronaut mission?