Michigan is planning to establish a Space Innovation Hub to expand the state's aerospace and space economy. The initiative is set to launch within the next year and will serve as a central hub for businesses, researchers, and universities already contributing to the growing space sector. The state will evaluate bids for the hub after a June 1 deadline in hopes of securing federal funding and expanding Michigan's role in commercial and defense space industries. Mark Ignash, director of strategic initiatives at Michigan’s Office of Defense and Aerospace Innovation, said the hub is a crucial step towards unifying the state’�s space efforts. The national space economy is projected to grow from $630 billion in 2023 to $1.8 trillion by 2035.