Florida’s Space Coast has emerged as a major center for commercial and defense-related aerospace activity, supported by rising launch volumes, private investment, and expanding military operations, according to a new report released by Florida TaxWatch.
The January 2026 report examines the historical development of the Space Coast, its economic contraction following the end of the Space Shuttle program, and its subsequent shift toward a more diversified aerospace model. The region is anchored by the Kennedy Space Center and Cape Canaveral Space Force Station, which together form the Cape Canaveral Space Port and serve as the primary launch and operations hub on Florida’s east coast.
Florida TaxWatch attributes much of the region’s recovery to changes in industry structure over the past decade, particularly the increased role of private aerospace companies and the reuse of existing launch and research infrastructure. The report notes that between 2010 and 2017, the Space Coast added 49 private aerospace projects representing approximately $1.68 billion in capital investment and nearly 8,700 jobs. From 2018 to 2019, an additional 37 space-related companies accounted for roughly 7,640 jobs. During that period, Titusville, located near the Space Port, recorded a tax base increase of about $400 million.
As Florida’s Lieutenant Governor, I had the honor of serving as Chairman of the Board of Space Florida and have a unique perspective regarding the importance and impact of our space program. Kennedy Space Center is not just a launch center but also a center for innovation and discovery in the space industry,” said Florida TaxWatch President and CEO, Jeff Kottkamp. “Florida’s legacy of success in aerospace demands ongoing capital investments to solidify our position as the world’s leader in the space industry.”
Recent launch activity has also accelerated. The Space Coast recorded 90 launches in 2024, the highest annual total at the time. As of October 2025, the region had hosted 89 orbital launches, placing it on pace to exceed the prior year’s record. The report also points to continued growth in active projects, including commercial satellite deployment, lunar missions, and space transportation systems.
The report highlights the increasing presence of national defense operations alongside commercial activity. The U.S. Space Force has established its permanent Space Training and Readiness Command headquarters at Patrick Space Force Base, which is expected to house several hundred military and civilian personnel.
NASA remains a significant contributor to Florida’s economy, according to the report. Agencywide operations in the state generate an estimated $8.2 billion in economic output, support more than 35,000 jobs, and produce over $286 million in state tax revenue annually.
Looking ahead, Florida TaxWatch notes that future growth will depend on continued infrastructure investment and coordination between state agencies, federal partners, and private companies, as launch demand, satellite networks, and space-related defense activity continue to expand.
