A new forecast shows the private space industry growing at a 9.30% CAGR through 2032, driven by satellite demand, reusable rockets, and growing public interest. Leaders like SpaceX, Rocket Lab, and Blue Origin are fueling the sector’s momentum — but Virgin Galactic <a>SPCE</a>, once seen as the face of space tourism, continues to be weighed down by legal fallout.\n\nWhat You Need to Know\nThe global private space market is expected to grow 9.30% annually through 2032, supported by both commercial and scientific applications. Reusable rocket tech and cost reduction are fueling the expansion of satellite manufacturing, space tourism, and launch services. Leading companies include SpaceX, Blue Origin, Rocket Lab, Firefly Aerospace, Orbital Sciences, and Virgin Galactic. Virgin, despite being a top name in suborbital tourism, remains legally exposed from past misrepresentations about its vehicle design and readiness.\n\nBut Virgin Galactic Still Faces Legal Fallout\nVirgin Galactic has settled a lawsuit with <a>SPCE</a> investors over claims it misled the public and shareholders about its spaceflight readiness and the accuracy of engineering disclosures tied to its Unity and Eve spacecraft.\n\nTimeline Overview\nOctober 2019: Virgin goes public via SPAC merger, claiming readiness for commercial space tourism. February 2019: Virgin cites a successful test flight, bolstering investor enthusiasm. August 4, 2022: Commercial launches are delayed again; leadership cites structural inconsistencies. August 5, 2022: Analyst reveals engineering discrepancies between as-built ships and original drawings. Price target cut to $7, stock drops 17.5%.\n\nAllegations Include\nMisrepresenting flight-readiness and engineering accuracy Downplaying internal issues affecting launch timelines Creating the false impression of imminent commercial viability\n\nInvestor Update\nVirgin’s stock fell over 85% from its peak, erasing $13 billion in shareholder value. Investors have now reached a settlement with the company, though terms remain confidential.\n\nYou can check more information about it and file for a payout <a>HERE</a>.

$SPCE: Private space market booms, but Virgin Galactic safety disclosures cloud

The private space market is projected to grow at a 9.30% CAGR through 2032, driven by satellite demand, reusable rockets, and public interest. Leading companies like SpaceX, Blue Origin, and Virgin Galactic dominate the sector, though Virgin Galactic faces legal challenges from past misrepresentations about its spaceflight readiness and engineering disclosures.