Economic Implications of the European Union Space Act

The study finds that the EU Space Act risks causing economy-wide effects through delayed adoption of new space-based services across the economy. The EUSA would increase manufacturing and design costs for LEO satellites by 10% to 46% and decrease demand for LEO satellites in the EU by 18% to 48%. Aggregate cumulative loss of revenue from space-based services for the period 2025 – 2030 would amount to €1.4 billion to €2.1 billion. Ultimately, lower space connectivity results in an annual loss in EU GDP between €12 billion and €52 billion.