The Economic Impact of a Rebounded and Revitalized Space Program on Florida’s Space Coast


    On August 2nd, a SpaceX capsule carrying two NASA astronauts successfully splashed down in the Gulf of Mexico, officially concluding a historic mission to return astronauts to the International Space Station (ISS). For the first time in nearly a decade, NASA astronauts destined for the ISS launched off from American soil, and for the first time in over four decades, an American space capsule splashed down in the ocean, reminiscent of the bygone Apollo era that first sent humans to the moon.

    Last month’s historic achievement does more than simply showcase human ingenuity and exploration; for residents on Florida’s Space Coast, the SpaceX mission signifies an economic rebound ten years in the making. For a local economy once devastated by the Space Shuttle Program’s end and the Great Recession, achievements in the private space industry have promoted a revitalized economy that continues to display an upward trajectory.