Summary
Officials say it could reach forty to forty‑five billion U.S. dollars in seven or eight years.
More private companies and foreign investors are joining the effort.
Key Points
4 points1
Growth is expected because of more private money and faster government approvals.
2
The government will act as a big customer to help new companies start.
3
Simpler rules and clear timelines will make it easier for businesses to work.
4
Space technology is also being used for farming, disaster help, and tracking projects.
New Words to Learn
10 wordseconomy
the way a country earns and spends money
investment
money put into a project to help it grow
commercial
related to buying and selling
regulatory
rules set by the government
sustainable
able to continue for a long time without problems
indigenous
made inside the country
geospatial
about maps and places on Earth
satellite
a machine that orbits the Earth and sends data
launch vehicle
a rocket that puts satellites or other things into space
global supply chain
the worldwide network that makes and moves products
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