Space Commercialization

Accelerator > Earth and Beyond

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

Definition

  • Commercialization of space, including reusable and efficient launch vehicles, low-cost miniaturized satellites (CubeSats), space tourism, asteroid mining, and interplanetary travel

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

  • 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
How might space commercialization enable improvements to existing offerings, new market opportunities, or unexpected competition to your business?
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