Wilbur Ross on Technology

	Wilbur Ross on Technology

Space race to stimulate economic growth across industries

Speaking at the Aerospace Industry Association's board of governors meeting, Ross said the global space economy is now worth $400 billion annually, up from about $340 billion in 2016. Ross submitted legislation last month to create a "Bureau of Space Commerce," which, if approved, would support efforts by private and public firms to expand space tourism, manufacturing, prospecting and other initiatives. "Today there is a new space race - but this time, it is being run in the private sector. . Source: Fox News, "New space race," on 2018 Trump Cabinet , Nov 29, 2018

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