Space Commercialization

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Space commercialization driving down launch costs, fueling spacetech innovation, and enabling new business opportunities

Space commercialization driving down launch costs, fueling spacetech innovation, and enabling new business opportunities

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Definition Definition
  • Commercialization of space, including reusable and efficient launch vehicles, low-cost miniaturized satellites (CubeSats), space tourism, asteroid mining, and interplanetary travel
Outlook Outlook
  • Increased private sector competition from new entrants and established players
  • Intensified collaboration efforts between governments and corporations on space technology initiatives
  • Lower launch and operating costs
  • Accelerated space technology innovation
Implications Implications
  • Opening space to new and expanded applications, including satellite broadband Internet, real-time Earth imagery and sensing, micro-gravity manufacturing, asteroid mining, and space tourism
  • Driving advances in interplanetary exploration, starting with Mars
  • Encouraging more governments (e.g., China, India) to fund space-related initiatives
Innovators

Innovators

    SpaceX, Blue Origin, Planetary Resources, Boeing Co., Orbital Sciences, Sierra Nevada Corporation, Virgin Galactic, XCOR Aerospace, Made in Space Inc., Ad Astra Rocket Company, Airbus Group
How might space commercialization enable improvements to existing offerings, new market opportunities, or unexpected competition to your business?
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