16-20 May 2022
Space has potential to remedy many of Earth’s problems, but must be for all, not the few
Asteroid mining could provide untapped source of resources. (Image: pixabay)
With an economic downturn set to affect industries throughout the world, many businesses will be concerned and looking for any sign of optimism. Could new space be the place many look to for hope?
Throughout the world we are witnessing governments encourage private space sector growth, and increasingly ambitious national agency missions. This growth is spurred on by increasing government investment throughout the world, demand for private payloads and satellite connectivity. But this isn’t to say the space will go completely unscathed, and there are some instances of parts shortages and supply chain problems. We’ll see how the industry can cope with these issues whilst demand continues to increase.
There also appears to be an increasing awareness of the potential in off-Earth and Asteroid mining, and how the riches may be shared in the future. As these plans come to light, it will imperative that governments and industry leaders work with the public in order to inform them of these huge opportunities, and allow us all to be part of our future. A report from consultants McKinsey & Co. outlines this potential and how we can achieve success from space.
There is exciting growth and innovation in the space sector, and this week has again proven just that. This week has seen Boeing’s Starliner launch, SpaceX reiterating their desire to land on the Martian surface by 2030, and positive business growth for companies such as Rocket Lab. The space sector could be the place for answers for many e.g career opportunities, new and spin-off industries and resource mining. But how can this be achieved and how can we be sure that the riches won’t only be shared amongst the few?
Commercial sector is a continuing success story
Whilst fuel prices, inflation and cost of living continue to threaten businesses, space is, for now, still seeing signs of growth. This is often due to continued government investment for both the short and long term, from LEO satellite launches, to resource mining operations. There is also growing interest from investment companies in commercial space, bringing in another source of capital to the industry. The European Space Agency continued with Europe’s quest for space “non-dependency” by establishing a space deep-tech innovation centre with Switzerland, and also held an investor forum in Berlin, aimed at fledgling space entrepreneurs. Along with the UK developing their own launch capabilities, Europe could well be on the way to becoming a truly independent space bloc.
Israel have also announced a $176 million investment in developing their space tech industry over the next five years, in what is another sign of new space nations emerging. Israel join list of nations, such as Rwanda, Canada and Australia, looking to develop their space capabilities.
The commercial giants SpaceX and Blue Origin have also given confidence to the space sector with the former poised to become the most valuable US startup, and the latter completing a test of their BE-4 rocket engines, which will be the largest US rocket to date (although it has been beset by delays). Rocket Lab have also released positive results from the first quester of 2022, boosted by government investment, providing more optimism for the commercial sector.
It’s a continuing success story, but we can only hope that the sector can somehow remain immune from the upcoming downturn.
A focus on new space, asteroid mining, and the hope it could bring
Similarly, asteroid and off-Earth mining are becoming increasingly discussed. With these matters becoming more in the public forum, industries and governments have a responsibility to let the public in, ease their concerns and share this potential with everyone. If space continues to be shared only between the few, then the public may not get behind new space, and this potential could go untapped, or even worse, fought over.
Asteroid mining and reconnaissance technology have also taken steps forwards. The Scar-e asteroid mining robot, designed by the Asteroid Mining Corporation, has provided an insight into how robotics may be used to mine asteroids for precious metals, and China have announced their Tianwen-2 asteroid sampling mission for 2025. There is no doubt that this will be the future which we have been promised, as the demand for such things as precious metals increases.
Leading management consultants, Mckinsey & Co. released a joint report with industry leaders and the world economic forum, outlining the role of space in driving sustainability, security and development on Earth. The report outlines the massive potential for space, but also the need for collaboration and taking the right actions today in order to maximise the lasting benefits of space. As the report says, the public may not be aware just how much space touches everyday life, its connection to non-space industries, and compares the future growth of the space sector to the boom of the internet economy.
Despite the ominous threat of an economic downturn, making the right decisions could lead to a prosperous space sector and rapid growth, but only if we make the right choices today, and open space up for everyone.
More positive news for the space sector
Each week we see the building blocks of new space being constructed, paving the way to goals such as asteroid mining. Rocket Lab will begin payload integration for their CAPSTONE mission, allowing NASA observe the lunar orbit and make way for their lunar gateway. Scientists have also suggested that lunar soil could be turned into rocket fuel to power missions to Mars (and beyond?), and SpaceX has reaffirmed its commitment to landing on Mars by 2030.
Outside of the US, India is continuing its march towards becoming a major space player, with their first human launch set for 2023, and their commercial sector showing signs of promise, with Skyroot Aerospace successfully testing their third stage orbital vehicle Vikram-1. Also, Chinese electric propulsion startup Kongtian Dongli have received funding towards Chinese satellite constellation plans. China intends to have 13,000 satellites in their “Guowang” constellation, which comes at an interesting time considering the dominance of Starlink, and Amazon’s upcoming Kuiper constellation plans.
Lastly, Boeing have successfully launched their Starliner module to the ISS, in what most be some long awaited positive news for the company.
Is the space sector completely immune from an economic downturn?
The space sector is remaining upbeat, despite the impending downturn and cost of living crisis, but that isn’t to say there aren’t challenges. The sector could also be hit with supply problems e.g. microprocessors, semiconductors and precious metals. There’s also increasing concern about the damage we are doing to the Earth whilst trying to launch ever-growing payloads. The public will want reassurance that new space is about addressing many of our problems on Earth, not ignoring them, or even adding to them. There are still many challenges ahead.
It is our future in space
There is indeed more interest in deep space and the value of asteroid mining. This could certainly lead to massive growth potential in space, with some estimates valuing sector at $1 trillion by 2040. But there are still difficulties attached it; acquiring the technology, the dangers that come with it, and sustainability, in both design and the environment.
The more these issues become front page tabloid news, the more the public will have a stake in it. The industry will have to take notice of the public outcry when it comes to looking after our planet before setting off on our quest to populate other celestial bodies.
We have great potential in space, that could be the answer to many of Earth’s problems. All the population of our planet deserve to be part of that future, and the industry has a responsibility to let the people in, and not freeze them out.
Whilst there is a bleak outlook for the global economy at the moment, the space sector is one that still has optimism. It will provide new employment and industries, create global communications, the potential for new energy, untapped resources of scarce minerals and help us give our planet a chance to breathe. But these are solutions for the whole world to enjoy, not just the few, and so we must share these opportunities inclusively, sustainably and peacefully.
Want to keep up to date? Follow ANASDA
External Links
This Week
*News articles posted here are not property of ANASDA GmbH and belong to their respected owners. Postings here are external links only.
Our future in space
Asteroid mining could provide untapped source of resources. (Image: pixabay)
16 - 20 May, 2022
Space has potential to remedy many of Earth’s problems, but must be for all, not the few
With an economic downturn set to affect industries throughout the world, many businesses will be concerned and looking for any sign of optimism. Could new space be the place many look to for hope?
Throughout the world we are witnessing governments encourage private space sector growth, and increasingly ambitious national agency missions. This growth is spurred on by increasing government investment throughout the world, demand for private payloads and satellite connectivity. But this isn’t to say the space will go completely unscathed, and there are some instances of parts shortages and supply chain problems. We’ll see how the industry can cope with these issues whilst demand continues to increase.
There also appears to be an increasing awareness of the potential in off-Earth and Asteroid mining, and how the riches may be shared in the future. As these plans come to light, it will imperative that governments and industry leaders work with the public in order to inform them of these huge opportunities, and allow us all to be part of our future. A report from consultants McKinsey & Co. outlines this potential and how we can achieve success from space.
There is exciting growth and innovation in the space sector, and this week has again proven just that. This week has seen Boeing’s Starliner launch, SpaceX reiterating their desire to land on the Martian surface by 2030, and positive business growth for companies such as Rocket Lab. The space sector could be the place for answers for many e.g career opportunities, new and spin-off industries and resource mining. But how can this be achieved and how can we be sure that the riches won’t only be shared amongst the few?
Commercial sector is a continuing success story
Whilst fuel prices, inflation and cost of living continue to threaten businesses, space is, for now, still seeing signs of growth. This is often due to continued government investment for both the short and long term, from LEO satellite launches, to resource mining operations. There is also growing interest from investment companies in commercial space, bringing in another source of capital to the industry. The European Space Agency continued with Europe’s quest for space “non-dependency” by establishing a space deep-tech innovation centre with Switzerland, and also held an investor forum in Berlin, aimed at fledgling space entrepreneurs. Along with the UK developing their own launch capabilities, Europe could well be on the way to becoming a truly independent space bloc.
Israel have also announced a $176 million investment in developing their space tech industry over the next five years, in what is another sign of new space nations emerging. Israel join list of nations, such as Rwanda, Canada and Australia, looking to develop their space capabilities.
The commercial giants SpaceX and Blue Origin have also given confidence to the space sector with the former poised to become the most valuable US startup, and the latter completing a test of their BE-4 rocket engines, which will be the largest US rocket to date (although it has been beset by delays). Rocket Lab have also released positive results from the first quester of 2022, boosted by government investment, providing more optimism for the commercial sector.
It’s a continuing success story, but we can only hope that the sector can somehow remain immune from the upcoming downturn.
A focus on new space, asteroid mining, and the hope it could bring
Similarly, asteroid and off-Earth mining are becoming increasingly discussed. With these matters becoming more in the public forum, industries and governments have a responsibility to let the public in, ease their concerns and share this potential with everyone. If space continues to be shared only between the few, then the public may not get behind new space, and this potential could go untapped, or even worse, fought over.
Asteroid mining and reconnaissance technology have also taken steps forwards. The Scar-e asteroid mining robot, designed by the Asteroid Mining Corporation, has provided an insight into how robotics may be used to mine asteroids for precious metals, and China have announced their Tianwen-2 asteroid sampling mission for 2025. There is no doubt that this will be the future which we have been promised, as the demand for such things as precious metals increases.
Leading management consultants, Mckinsey & Co. released a joint report with industry leaders and the world economic forum, outlining the role of space in driving sustainability, security and development on Earth. The report outlines the massive potential for space, but also the need for collaboration and taking the right actions today in order to maximise the lasting benefits of space. As the report says, the public may not be aware just how much space touches everyday life, its connection to non-space industries, and compares the future growth of the space sector to the boom of the internet economy.
Despite the ominous threat of an economic downturn, making the right decisions could lead to a prosperous space sector and rapid growth, but only if we make the right choices today, and open space up for everyone.
More positive news for the space sector
Each week we see the building blocks of new space being constructed, paving the way to goals such as asteroid mining. Rocket Lab will begin payload integration for their CAPSTONE mission, allowing NASA observe the lunar orbit and make way for their lunar gateway. Scientists have also suggested that lunar soil could be turned into rocket fuel to power missions to Mars (and beyond?), and SpaceX has reaffirmed its commitment to landing on Mars by 2030.
Outside of the US, India is continuing its march towards becoming a major space player, with their first human launch set for 2023, and their commercial sector showing signs of promise, with Skyroot Aerospace successfully testing their third stage orbital vehicle Vikram-1. Also, Chinese electric propulsion startup Kongtian Dongli have received funding towards Chinese satellite constellation plans. China intends to have 13,000 satellites in their “Guowang” constellation, which comes at an interesting time considering the dominance of Starlink, and Amazon’s upcoming Kuiper constellation plans.
Lastly, Boeing have successfully launched their Starliner module to the ISS, in what most be some long awaited positive news for the company.
Is the space sector completely immune from an economic downturn?
The space sector is remaining upbeat, despite the impending downturn and cost of living crisis, but that isn’t to say there aren’t challenges. The sector could also be hit with supply problems e.g. microprocessors, semiconductors and precious metals. There’s also increasing concern about the damage we are doing to the Earth whilst trying to launch ever-growing payloads. The public will want reassurance that new space is about addressing many of our problems on Earth, not ignoring them, or even adding to them. There are still many challenges ahead.
It is our future in space
There is indeed more interest in deep space and the value of asteroid mining. This could certainly lead to massive growth potential in space, with some estimates valuing sector at $1 trillion by 2040. But there are still difficulties attached it; acquiring the technology, the dangers that come with it, and sustainability, in both design and the environment.
The more these issues become front page tabloid news, the more the public will have a stake in it. The industry will have to take notice of the public outcry when it comes to looking after our planet before setting off on our quest to populate other celestial bodies.
We have great potential in space, that could be the answer to many of Earth’s problems. All the population of our planet deserve to be part of that future, and the industry has a responsibility to let the people in, and not freeze them out.
Whilst there is a bleak outlook for the global economy at the moment, the space sector is one that still has optimism. It will provide new employment and industries, create global communications, the potential for new energy, untapped resources of scarce minerals and help us give our planet a chance to breathe. But these are solutions for the whole world to enjoy, not just the few, and so we must share these opportunities inclusively, sustainably and peacefully.
Want to keep up to date? Follow ANASDA
External Links
This Week
*News articles posted here are not property of ANASDA GmbH and belong to their respected owners. Postings here are external links only.
16-20 May 2022
Space has potential to remedy many of Earth’s problems, but must be for all, not the few
Asteroid mining could provide untapped source of resources. (Image: pixabay)
With an economic downturn set to affect industries throughout the world, many businesses will be concerned and looking for any sign of optimism. Could new space be the place many look to for hope?
Throughout the world we are witnessing governments encourage private space sector growth, and increasingly ambitious national agency missions. This growth is spurred on by increasing government investment throughout the world, demand for private payloads and satellite connectivity. But this isn’t to say the space will go completely unscathed, and there are some instances of parts shortages and supply chain problems. We’ll see how the industry can cope with these issues whilst demand continues to increase.
There also appears to be an increasing awareness of the potential in off-Earth and Asteroid mining, and how the riches may be shared in the future. As these plans come to light, it will imperative that governments and industry leaders work with the public in order to inform them of these huge opportunities, and allow us all to be part of our future. A report from consultants McKinsey & Co. outlines this potential and how we can achieve success from space.
There is exciting growth and innovation in the space sector, and this week has again proven just that. This week has seen Boeing’s Starliner launch, SpaceX reiterating their desire to land on the Martian surface by 2030, and positive business growth for companies such as Rocket Lab. The space sector could be the place for answers for many e.g career opportunities, new and spin-off industries and resource mining. But how can this be achieved and how can we be sure that the riches won’t only be shared amongst the few?
Commercial sector is a continuing success story
Whilst fuel prices, inflation and cost of living continue to threaten businesses, space is, for now, still seeing signs of growth. This is often due to continued government investment for both the short and long term, from LEO satellite launches, to resource mining operations. There is also growing interest from investment companies in commercial space, bringing in another source of capital to the industry. The European Space Agency continued with Europe’s quest for space “non-dependency” by establishing a space deep-tech innovation centre with Switzerland, and also held an investor forum in Berlin, aimed at fledgling space entrepreneurs. Along with the UK developing their own launch capabilities, Europe could well be on the way to becoming a truly independent space bloc.
Israel have also announced a $176 million investment in developing their space tech industry over the next five years, in what is another sign of new space nations emerging. Israel join list of nations, such as Rwanda, Canada and Australia, looking to develop their space capabilities.
The commercial giants SpaceX and Blue Origin have also given confidence to the space sector with the former poised to become the most valuable US startup, and the latter completing a test of their BE-4 rocket engines, which will be the largest US rocket to date (although it has been beset by delays). Rocket Lab have also released positive results from the first quester of 2022, boosted by government investment, providing more optimism for the commercial sector.
It’s a continuing success story, but we can only hope that the sector can somehow remain immune from the upcoming downturn.
A focus on new space, asteroid mining, and the hope it could bring
Similarly, asteroid and off-Earth mining are becoming increasingly discussed. With these matters becoming more in the public forum, industries and governments have a responsibility to let the public in, ease their concerns and share this potential with everyone. If space continues to be shared only between the few, then the public may not get behind new space, and this potential could go untapped, or even worse, fought over.
Asteroid mining and reconnaissance technology have also taken steps forwards. The Scar-e asteroid mining robot, designed by the Asteroid Mining Corporation, has provided an insight into how robotics may be used to mine asteroids for precious metals, and China have announced their Tianwen-2 asteroid sampling mission for 2025. There is no doubt that this will be the future which we have been promised, as the demand for such things as precious metals increases.
Leading management consultants, Mckinsey & Co. released a joint report with industry leaders and the world economic forum, outlining the role of space in driving sustainability, security and development on Earth. The report outlines the massive potential for space, but also the need for collaboration and taking the right actions today in order to maximise the lasting benefits of space. As the report says, the public may not be aware just how much space touches everyday life, its connection to non-space industries, and compares the future growth of the space sector to the boom of the internet economy.
Despite the ominous threat of an economic downturn, making the right decisions could lead to a prosperous space sector and rapid growth, but only if we make the right choices today, and open space up for everyone.
More positive news for the space sector
Each week we see the building blocks of new space being constructed, paving the way to goals such as asteroid mining. Rocket Lab will begin payload integration for their CAPSTONE mission, allowing NASA observe the lunar orbit and make way for their lunar gateway. Scientists have also suggested that lunar soil could be turned into rocket fuel to power missions to Mars (and beyond?), and SpaceX has reaffirmed its commitment to landing on Mars by 2030.
Outside of the US, India is continuing its march towards becoming a major space player, with their first human launch set for 2023, and their commercial sector showing signs of promise, with Skyroot Aerospace successfully testing their third stage orbital vehicle Vikram-1. Also, Chinese electric propulsion startup Kongtian Dongli have received funding towards Chinese satellite constellation plans. China intends to have 13,000 satellites in their “Guowang” constellation, which comes at an interesting time considering the dominance of Starlink, and Amazon’s upcoming Kuiper constellation plans.
Lastly, Boeing have successfully launched their Starliner module to the ISS, in what most be some long awaited positive news for the company.
Is the space sector completely immune from an economic downturn?
The space sector is remaining upbeat, despite the impending downturn and cost of living crisis, but that isn’t to say there aren’t challenges. The sector could also be hit with supply problems e.g. microprocessors, semiconductors and precious metals. There’s also increasing concern about the damage we are doing to the Earth whilst trying to launch ever-growing payloads. The public will want reassurance that new space is about addressing many of our problems on Earth, not ignoring them, or even adding to them. There are still many challenges ahead.
It is our future in space
There is indeed more interest in deep space and the value of asteroid mining. This could certainly lead to massive growth potential in space, with some estimates valuing sector at $1 trillion by 2040. But there are still difficulties attached it; acquiring the technology, the dangers that come with it, and sustainability, in both design and the environment.
The more these issues become front page tabloid news, the more the public will have a stake in it. The industry will have to take notice of the public outcry when it comes to looking after our planet before setting off on our quest to populate other celestial bodies.
We have great potential in space, that could be the answer to many of Earth’s problems. All the population of our planet deserve to be part of that future, and the industry has a responsibility to let the people in, and not freeze them out.
Whilst there is a bleak outlook for the global economy at the moment, the space sector is one that still has optimism. It will provide new employment and industries, create global communications, the potential for new energy, untapped resources of scarce minerals and help us give our planet a chance to breathe. But these are solutions for the whole world to enjoy, not just the few, and so we must share these opportunities inclusively, sustainably and peacefully.
Want to keep up to date? Follow ANASDA
External Links
This Week
*News articles posted here are not property of ANASDA GmbH and belong to their respected owners. Postings here are external links only.