The financial value-added industries by space economy in the United States

Abstract

Purpose – The developed and developing countries have a large agenda on space-related matters. Mutual and hybrid utilisation of the space needs a lot of effort regarding international politics, economics and finance. Moreover, the participants in space-related economic activities require more sophisticated knowledge. This paper aimsto analyse the space economy activities of the United Statesthrough the lens of value-added terms. In thisregard, the industrial development of the space economy is sustained by the leadership of the United States, and other countries should benchmark it if they want to take specific roles in this context. For this reason, the ranks of the industries that take value from the space economy in the United States gain deep insights. Design/methodology/approach – GRA, WASPAS and TOPSIS methodologies are utilised for the analysis. Findings – According to research findings, there are 59 industrial value-added branches and sub-branchesin the United States. The broadcasting and telecommunication industry is in the first rank, followed by the electronic and computer industry and federal state services regarding financial value added. Originality/value – At the end of the research, it can be concluded that the space economy will be very beneficial for other countries which demand investment possibilities in high-tech and sustainability opportunities. It also suggests that industries with small percentages should be aimed at other developing and developed countries in space and space-related activities. Thus, the research can be accepted as one of the first examples in the space economy.