Space Mining Market Global Report 2026

The space mining market size has grown rapidly in recent years. It will grow from $1.57 billion in 2025 to $1.87 billion in 2026 at a compound annual growth rate (CAGR) of 19.7%. The growth in the historic period can be attributed to growing interest in deep-space exploration missions, increasing government funding for space research initiatives, rising demand for alternative sources of resources, expanding development of reusable spacecraft technologies, and increasing emphasis on lunar and asteroid exploration programs.

The space mining market size is expected to see rapid growth in the next few years. It will grow to $3.8 billion in 2030 at a compound annual growth rate (CAGR) of 19.3%. The growth in the forecast period can be attributed to continued advancement of autonomous space mining technologies, growing commercialization of space resource activities, increasing demand for extraterrestrial water and mineral resources, rising investments in space infrastructure development, and expanding collaboration between private space companies and government agencies. Major trends in the forecast period include development of advanced robotic resource extraction systems, advancement of lunar and asteroid resource mapping technologies, innovation in space-based material processing and refining, increasing commercialization of off-Earth resource utilization, and development of infrastructure for transporting space-derived resources.

The increasing space exploration is expected to propel the growth of the space mining market going forward. Space exploration refers to the investigation and study of outer space through spacecraft, satellites, and crewed missions to understand celestial bodies and expand human presence beyond Earth. The increasing pace of space exploration is primarily driven by rising government investment in space missions, as countries allocate greater funding toward developing advanced launch systems, lunar programs, and deep-space infrastructure. The expansion of space exploration creates demand for space mining technologies and services, as missions to the Moon, asteroids, and other celestial bodies require in-situ resource utilization to extract water, metals, and minerals, thereby reducing dependence on materials supplied from Earth. For instance, in January 2024, according to The Space Foundation, a U.S.-based organization, global launch activity reached new highs for the third consecutive year, with 223 launch attempts and 212 successful launches in 2023. Commercial launch activity increased by 50% from 2022. The United States recorded a 33% increase in launch attempts. Additionally, more than 2,800 satellites were deployed into orbit, representing a 23% increase compared with 2022. Therefore, increasing space exploration is driving the growth of the space mining market.

Leading companies operating in the space mining market are focusing on developing advanced asteroid mining and in-orbit resource processing technologies to demonstrate the commercial feasibility of extracting valuable minerals from celestial bodies and support the future space economy. Asteroid mining technologies refer to specialized spacecraft, robotic systems, and in-space processing solutions designed to identify, extract, and refine resources from asteroids and other celestial objects. For example, in January 2023, AstroForge, a US-based space mining startup, announced plans to launch its first orbital mission to demonstrate zero-gravity ore refining using asteroid-like material aboard a CubeSat. The company also outlined a follow-up deep space mission to study a near-Earth asteroid, validating technologies for future commercial extraction of platinum group metals and other valuable space resources.

In July 2025, Samuel Automation, a Canada-based provider of industrial automation and robotic solutions, partnered with Canadian Space Mining Corporation to advance the development of automation technologies for sustainable space resource extraction and utilization. Through this partnership, Samuel Automation aims to accelerate the development and implementation of advanced automation, robotics, and autonomous material handling technologies intended to support extraterrestrial resource extraction and space mining activities. Canadian Space Mining Corporation is a Canada-based space resource company focused on developing technologies and solutions for exploring, extracting, and utilizing mineral resources from the Moon, asteroids, and other celestial bodies.

Major companies operating in the space mining market are Blue Origin LLC, Sierra Space, Redwire Corporation, Intuitive Machines Inc., ispace Inc., Astrobotic Technology Inc., Fleet Space Technologies Pty Ltd., Lunar Outpost Inc., AstroForge Inc., OffWorld Inc., Orbit Fab Inc., Interlune Corporation, TransAstra Corporation, Origin Space Co. Ltd., Maana Electric, Starpath Robotics, Astroport Space Technologies Inc.

North America was the dominant region in the space mining market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the space mining market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the space mining market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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