Blue Origin's recent successful launch of the New Glenn rocket signifies the start of a pivotal year for rocket debuts and growth within the global space economy.

Experts like Kelli Kedis Ogborn from the Space Foundation highlight that the industry is at an 'inflection point,' where the potential for significant growth in the space economy is about to materialize.

According to Novaspace, the global space economy is projected to grow by over 50%, reaching $944 billion by 2033, driven primarily by downstream applications.

The anticipated combination of a pro-growth administration and technological advancements, such as SpaceX's Starship, is expected to catalyze substantial changes in the space sector.

New Glenn, with a payload capacity of 45 metric tons to low Earth orbit, is anticipated to alter the financial dynamics of space launches significantly.

Justin Cadman from Quilty Space predicts that access to space will undergo a significant transformation, leading to an increase in the number of assets launched into orbit.

Despite the presence of alternatives like Rocket Lab's Electron, the commercial launch market, particularly for multiple satellites, remains limited until New Glenn and SpaceX's Starship prove their capabilities.

On January 22, 2025, SpaceX achieved a milestone by successfully landing a Falcon booster for the 400th time, while also deploying 27 Starlink satellites.

Space Capital believes that lighter regulations during the Trump administration will further stimulate growth in the space economy, influenced by connections to SpaceX CEO Elon Musk.

In 2025, over 20 new launch vehicles are expected to make their first flights, with Rocket Factory Augsburg recently securing its vertical launch license from British authorities.

Other companies, including Isar Aerospace and South Korea's Innospace, are also preparing for their inaugural launches this year.

The recent growth of the space economy has been largely driven by SpaceX and its Falcon 9 rocket, which have significantly reduced launch costs and increased flight frequency through first-stage reuse.