The Defense Department should step up support of commercial space companies to take advantage of capabilities that might otherwise be lost, a new report concludes.

That recommendation is among several in a study called Space Agenda 2025 released Oct. 24 by The Aerospace Corporation and its Center for Space Policy and Strategy (CSPS). The report is intended to provide advice to the next administration on key topics in civil, commercial and national security space.

In a briefing held in advance of the report’s release, Sam Wilson, systems director at CSPS, said the Defense Department is benefitting from growing commercial capabilities in areas like commercial remote sensing, much of which was fueled by a boom in private investment in space companies several years ago. Private investment has dropped significantly since a peak in 2021, though, and investors say access to capital remains difficult for space companies today, especially those trying to raise larger, later rounds.