23-27 May 2022
For an accessible, self-sustaining space economy, our time is now
We must act now for a sustainable future in space (Image: NASA)
Last week we saw the publication of the McKinsey & Co report into the role of space in driving sustainability, security and development on Earth. Developments in the sector this week have gone to prove that we are well on the way to establishing the foundations for a grand new space economy. The private sector continues to innovate, investor confidence appears to be on the up and there are signs that industry leaders see the necessity to cooperate in order to create a successful future in space for all.
The report also outlined potentially less successful scenarios for the future of space; a future space that is the domain of the few, a realm of unrealised potential or even worse, a theatre of conflict. Each week we can see more talent, the hope that space brings and an industry that is defying the odds. But can we, as a society, use this opportunity to build a future that benefits us all? Or we will continue down an all to familiar path of exclusion and confrontation over finite resources? Sadly, the latter is a story we’ve written many times throughout our history.
NASA and Boeing keeping to deadlines?
NASA has announced a new window for the wet dress rehearsal of their Mega Moon Rocket as part of the Artemis-1 mission, looking for an early June rollout. This comes after a series of delays, and surely they will be hoping to keep on track this time. Boeing have been partly to blame for the setbacks on the program, being responsible for the core stage and upper stages, as well as development of the flight avionics suite.
But in better news for Boeing, this week saw them finally launch their Starliner module to the ISS, and return to Earth, landing in New Mexico. Their “astronaut taxi” launched upon a United Launch Alliance Atlas V Rocket on the May 19 and arrived at the ISS about 24 hours later, later returning to Earth on May 25th.
Emerging space nations mean business
Nations around the globe are taking note of the opportunities that await in new space, with increased funding for national and private programs. This week Australia seemed to be that country that stood out. Australian startup Space Machines Company (SMC) has partnered with SpaceX as their launch partner in transporting their Optimus Orbital Transfer Vehicle (OTV) to space for its April 2023 mission. The OTV will provide infrastructure and logistics services to a massively increasing number of orbiting vehicles and satellites. Furthermore, the Australian government has announce funding for 6 private firms, in areas such as launch and propulsion systems. Australia appears to be on track to be a major player in space. We also have to consider their fine mining heritage, and what this will mean for their role in the future of off-Earth resource extraction.
Turkey will also look to continue with their plans for space by sending the first Turkish astronaut to the ISS next year, it what will mark the 100th anniversary of the Turkish Republic.
It’s innovation again, that’s taking the spotlight
Technological innovation is one of the main driving factors behind the rapid growth of the space sector. More cost effective and reusable launch capabilities are taking us there, whilst public and private sector are well on the way to paving the way for the next steps. US company Benchmark Space Systems announced they will produce engines in the United Kingdom and also work with UK startup Space Forge on propulsion systems. Space Forge are planning an in-situ demonstration of their off-Earth (in orbit) manufacture of high-value materials, and return them to Earth. Off-Earth manufacturing is seen as a major step towards relieving planet Earth of the stress that industries put on it, a view shared Blue Origin’s Jeff Bezos.
Nanoracks are also due to press ahead with a demonstration of their in-orbit metal cutting capabilities, using a robotic arm, whilst NASA has announced a mission to launch their OSAM-1 in 2026, a robotic spacecraft which will be able to refuel and repair satellites in orbit, even much older satellites. If we continue to populate Earth orbit with an increasing number of satellites, then orbital management, servicing and debris removal are surely set to be a huge priority, and sustainable innovation could be key to that future.
Further from LEO, and looking towards the moon, Lunar Outpost, leader in commercial planetary mobility, received $12 million in seed investment for launches of a “new class” of lunar autonomous rovers, and investment in new technologies. Also, US-based startup AstroForge have raised $13 million in seed funding for their ambitious asteroid mining plans. They claim to be using new innovative methods, and plan an initial demonstration flight next year, and also claim that they will be the first to return materials to Earth by the end of the decade. Very ambitious and potentially exciting news for innovation.
New space is a decentralised space
Blockchain and decentralisation in space is nothing new. Blockchain is seen by some as the technology that will be the foundation of the new space economy, separating it from the Earth economy. This could be for reasons such as security from natural disasters or nation state attacks that harm traditional data centres on Earth, or even protecting economies that are based on the value precious metals, once humans begin to extract masses of resources from other celestial bodies.
This week Lockheed Martin and Filecoin Foundation announced that they will work together to demonstrate blockchain storage in space, announced after the World Economic Form meeting in Davos this week. Interplanetary File System (IPFS) is an open-source network that stores information which can be shared by users, and could reduce the reliance on Earth-based communications and storage.
Similarly, on Wednesday Cryptosat launched their first nano satellite into orbit on a SpaceX transporter. Crypto-1 will lead the way for secure blockchain cryptography in space, in what could be a real milestone for the industry. Interestingly, the nanosat was produced using “over the counter” parts and is the size of a coffee mug, hinting towards a future of more modular and simply developed space vehicles. This could be the first in many blockchain launches, building the foundations for a decentralised system that provides an open source, not reliant on trust, and again, immune to the attacks that could take place on Earth.
The foundations are being laid, but will governments and industry leaders continue to cooperate?
As the McKinsey report laid out, in order to achieve an accessible, self-sustaining space economy there needs to be global collaboration, widespread funding and healthy markets. Despite the fallout from the Ukraine conflict, and ongoing suspicion between China and the US, there is evidence of this kind of cooperation and investment taking place.
ESA head, Josef Aschbacher, has stated that he does not anticipate a Russian withdrawal from the ISS, despite what Russian space agency said only weeks previous. This comes after China only recently made an open invitation for anyone to use their soon to be completed Tiangong station. Furthermore, President Joe Biden has announced a closer relationship with both South Korea and Japan in space, and Japan added that they will send an astronaut to the moon as part of the Artemis program. This could all seem like positive news , but we do also have to ask how much these promises and public statements will be backed up by action, and whether they are part of a game of political poker.
In the private sector, Amazon Web Services provided assistance to a number of tech startups as part of their business accelerator program, including support for an electronic propulsion developer and a reusable orbital vehicle developer. In relation to mining, a “Project Cobalt” has requested financial incentives in order to employ staff throughout 2022. The project will be looking at mining near-Earth asteroids.
Despite the seemingly continued investor confidence in space, it is still clear that government funding will remain vital to emerging space sector companies, especially amid a potential economic downturn. NASA continues to support this idea, and has selected hundreds of smaller businesses and institutions to develop technology to help build the future of space, including a high-power electric rocket to new types of software and cutting-edge materials. Public investment could prove to be vital during the tough times ahead.
These both do sound like steps in the right direction, but we must always look closer. Is Amazon’s investment meant to genuinely stimulate the industry, or provide themselves with talent to build a corporation to rival others such as SpaceX and Starlink? The company behind Project Cobalt have decided to remain unnamed, and are considering moving from the Netherlands to friendlier regulatory environments in the United States, the United Kingdom or Luxembourg. Will the public ever be fully aware of their intentions?
Our time is now
The Space Tech Expo took place this week in California, with some interesting insights coming from it. Leaders expressed the need for standardisation in the industry, and essentially, long-term cooperation. This would primarily be for docking systems, interfacing parts and communications. Standards are necessary “if we really want to build infrastructure in space,” Karol Janik, technology manager for an independent U.K. research and technology organisation, said at the Expo.
The issue of supply chain problems was also discussed, with some suggesting that these disruptions could be an opportunity for innovation and new approaches. Lockheed Martin program director even mentioned that some small-sat manufacturers had turned to alternative suppliers, such as the automotive industry, in recent years.
It’s these kinds of relationships and innovations that will spur growth, create new industries and allow new space to flourish for all. The talent exists, whether it’s new space talent, or experts moving in from different industries. The technology is here, with established and new startups demonstrating how new tech can make space more accessible. Furthermore, the industry is tipped to be worth $1 trillion by 2040, which undoubtedly will give investors the confidence they are looking for.
The McKinsey report included several case studies and comparisons, and states that the space economy could be in a similar position to that of the Aviation industry between the 1920s and 50s, and others have compared its potential to that of the smartphone and internet boom.
The report also stated that there are four potential outcomes of our actions taken today;
- Accessible self-sustaining space economy
- Playground for developed nations and wealthy
- Unrealised potential, lack of funding and innovation
- National Security Arena, commercialisation is reduced and national security measures are increased
-
The decisions we make now will decide what happens in the future, and it’s a future that belongs to us all. We can look at history and learn from our mistakes in the past, where exclusivity made way for confrontation. We still have the time and confidence to build a better future. Let’s aim for option one.
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
We must act now for a sustainable future in space (Image: NASA)
23 - 27 May, 2022
For an accessible, self-sustaining space economy, our time is now
Last week we saw the publication of the McKinsey & Co report into the role of space in driving sustainability, security and development on Earth. Developments in the sector this week have gone to prove that we are well on the way to establishing the foundations for a grand new space economy.
The private sector continues to innovate, investor confidence appears to be on the up and there are signs that industry leaders see the necessity to cooperate in order to create a successful future in space for all.
The report also outlined potentially less successful scenarios for the future of space; a future space that is the domain of the few, a realm of unrealised potential or even worse, a theatre of conflict. Each week we can see more talent, the hope that space brings and an industry that is defying the odds. But can we, as a society, use this opportunity to build a future that benefits us all? Or we will continue down an all to familiar path of exclusion and confrontation over finite resources? Sadly, the latter is a story we’ve written many times throughout our history.
NASA and Boeing keeping to deadlines?
NASA has announced a new window for the wet dress rehearsal of their Mega Moon Rocket as part of the Artemis-1 mission, looking for an early June rollout. This comes after a series of delays, and surely they will be hoping to keep on track this time. Boeing have been partly to blame for the setbacks on the program, being responsible for the core stage and upper stages, as well as development of the flight avionics suite.
But in better news for Boeing, this week saw them finally launch their Starliner module to the ISS, and return to Earth, landing in New Mexico. Their “astronaut taxi” launched upon a United Launch Alliance Atlas V Rocket on the May 19 and arrived at the ISS about 24 hours later, later returning to Earth on May 25th.
Emerging space nations mean business
Nations around the globe are taking note of the opportunities that await in new space, with increased funding for national and private programs. This week Australia seemed to be that country that stood out. Australian startup Space Machines Company (SMC) has partnered with SpaceX as their launch partner in transporting their Optimus Orbital Transfer Vehicle (OTV) to space for its April 2023 mission. The OTV will provide infrastructure and logistics services to a massively increasing number of orbiting vehicles and satellites. Furthermore, the Australian government has announce funding for 6 private firms, in areas such as launch and propulsion systems. Australia appears to be on track to be a major player in space. We also have to consider their fine mining heritage, and what this will mean for their role in the future of off-Earth resource extraction.
Turkey will also look to continue with their plans for space by sending the first Turkish astronaut to the ISS next year, it what will mark the 100th anniversary of the Turkish Republic.
It’s innovation again, that’s taking the spotlight
Technological innovation is one of the main driving factors behind the rapid growth of the space sector. More cost effective and reusable launch capabilities are taking us there, whilst public and private sector are well on the way to paving the way for the next steps. US company Benchmark Space Systems announced they will produce engines in the United Kingdom and also work with UK startup Space Forge on propulsion systems. Space Forge are planning an in-situ demonstration of their off-Earth (in orbit) manufacture of high-value materials, and return them to Earth. Off-Earth manufacturing is seen as a major step towards relieving planet Earth of the stress that industries put on it, a view shared Blue Origin’s Jeff Bezos.
Nanoracks are also due to press ahead with a demonstration of their in-orbit metal cutting capabilities, using a robotic arm, whilst NASA has announced a mission to launch their OSAM-1 in 2026, a robotic spacecraft which will be able to refuel and repair satellites in orbit, even much older satellites. If we continue to populate Earth orbit with an increasing number of satellites, then orbital management, servicing and debris removal are surely set to be a huge priority, and sustainable innovation could be key to that future.
Further from LEO, and looking towards the moon, Lunar Outpost, leader in commercial planetary mobility, received $12 million in seed investment for launches of a “new class” of lunar autonomous rovers, and investment in new technologies. Also, US-based startup AstroForge have raised $13 million in seed funding for their ambitious asteroid mining plans. They claim to be using new innovative methods, and plan an initial demonstration flight next year, and also claim that they will be the first to return materials to Earth by the end of the decade. Very ambitious and potentially exciting news for innovation.
New space is a decentralised space
Blockchain and decentralisation in space is nothing new. Blockchain is seen by some as the technology that will be the foundation of the new space economy, separating it from the Earth economy. This could be for reasons such as security from natural disasters or nation state attacks that harm traditional data centres on Earth, or even protecting economies that are based on the value precious metals, once humans begin to extract masses of resources from other celestial bodies.
This week Lockheed Martin and Filecoin Foundation announced that they will work together to demonstrate blockchain storage in space, announced after the World Economic Form meeting in Davos this week. Interplanetary File System (IPFS) is an open-source network that stores information which can be shared by users, and could reduce the reliance on Earth-based communications and storage.
Similarly, on Wednesday Cryptosat launched their first nano satellite into orbit on a SpaceX transporter. Crypto-1 will lead the way for secure blockchain cryptography in space, in what could be a real milestone for the industry. Interestingly, the nanosat was produced using “over the counter” parts and is the size of a coffee mug, hinting towards a future of more modular and simply developed space vehicles. This could be the first in many blockchain launches, building the foundations for a decentralised system that provides an open source, not reliant on trust, and again, immune to the attacks that could take place on Earth.
The foundations are being laid, but will governments and industry leaders continue to cooperate?
As the McKinsey report laid out, in order to achieve an accessible, self-sustaining space economy there needs to be global collaboration, widespread funding and healthy markets. Despite the fallout from the Ukraine conflict, and ongoing suspicion between China and the US, there is evidence of this kind of cooperation and investment taking place.
ESA head, Josef Aschbacher, has stated that he does not anticipate a Russian withdrawal from the ISS, despite what Russian space agency said only weeks previous. This comes after China only recently made an open invitation for anyone to use their soon to be completed Tiangong station. Furthermore, President Joe Biden has announced a closer relationship with both South Korea and Japan in space, and Japan added that they will send an astronaut to the moon as part of the Artemis program. This could all seem like positive news , but we do also have to ask how much these promises and public statements will be backed up by action, and whether they are part of a game of political poker.
In the private sector, Amazon Web Services provided assistance to a number of tech startups as part of their business accelerator program, including support for an electronic propulsion developer and a reusable orbital vehicle developer. In relation to mining, a “Project Cobalt” has requested financial incentives in order to employ staff throughout 2022. The project will be looking at mining near-Earth asteroids.
Despite the seemingly continued investor confidence in space, it is still clear that government funding will remain vital to emerging space sector companies, especially amid a potential economic downturn. NASA continues to support this idea, and has selected hundreds of smaller businesses and institutions to develop technology to help build the future of space, including a high-power electric rocket to new types of software and cutting-edge materials. Public investment could prove to be vital during the tough times ahead.
These both do sound like steps in the right direction, but we must always look closer. Is Amazon’s investment meant to genuinely stimulate the industry, or provide themselves with talent to build a corporation to rival others such as SpaceX and Starlink? The company behind Project Cobalt have decided to remain unnamed, and are considering moving from the Netherlands to friendlier regulatory environments in the United States, the United Kingdom or Luxembourg. Will the public ever be fully aware of their intentions?
Our time is now
The Space Tech Expo took place this week in California, with some interesting insights coming from it. Leaders expressed the need for standardisation in the industry, and essentially, long-term cooperation. This would primarily be for docking systems, interfacing parts and communications. Standards are necessary “if we really want to build infrastructure in space,” Karol Janik, technology manager for an independent U.K. research and technology organisation, said at the Expo.
The issue of supply chain problems was also discussed, with some suggesting that these disruptions could be an opportunity for innovation and new approaches. Lockheed Martin program director even mentioned that some small-sat manufacturers had turned to alternative suppliers, such as the automotive industry, in recent years.
It’s these kinds of relationships and innovations that will spur growth, create new industries and allow new space to flourish for all. The talent exists, whether it’s new space talent, or experts moving in from different industries. The technology is here, with established and new startups demonstrating how new tech can make space more accessible. Furthermore, the industry is tipped to be worth $1 trillion by 2040, which undoubtedly will give investors the confidence they are looking for.
The McKinsey report included several case studies and comparisons, and states that the space economy could be in a similar position to that of the Aviation industry between the 1920s and 50s, and others have compared its potential to that of the smartphone and internet boom.
The report also stated that there are four potential outcomes of our actions taken today;
- Accessible self-sustaining space economy
- Playground for developed nations and wealthy
- Unrealised potential, lack of funding and innovation
- National Security Arena, commercialisation is reduced and national security measures are increased
The decisions we make now will decide what happens in the future, and it’s a future that belongs to us all. We can look at history and learn from our mistakes in the past, where exclusivity made way for confrontation. We still have the time and confidence to build a better future. Let’s aim for option one.
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.
23-27 May 2022
For an accessible, self-sustaining space economy, our time is now
We must act now for a sustainable future in space (Image: NASA)
Last week we saw the publication of the McKinsey & Co report into the role of space in driving sustainability, security and development on Earth. Developments in the sector this week have gone to prove that we are well on the way to establishing the foundations for a grand new space economy. The private sector continues to innovate, investor confidence appears to be on the up and there are signs that industry leaders see the necessity to cooperate in order to create a successful future in space for all.
The report also outlined potentially less successful scenarios for the future of space; a future space that is the domain of the few, a realm of unrealised potential or even worse, a theatre of conflict. Each week we can see more talent, the hope that space brings and an industry that is defying the odds. But can we, as a society, use this opportunity to build a future that benefits us all? Or we will continue down an all to familiar path of exclusion and confrontation over finite resources? Sadly, the latter is a story we’ve written many times throughout our history.
NASA and Boeing keeping to deadlines?
NASA has announced a new window for the wet dress rehearsal of their Mega Moon Rocket as part of the Artemis-1 mission, looking for an early June rollout. This comes after a series of delays, and surely they will be hoping to keep on track this time. Boeing have been partly to blame for the setbacks on the program, being responsible for the core stage and upper stages, as well as development of the flight avionics suite.
But in better news for Boeing, this week saw them finally launch their Starliner module to the ISS, and return to Earth, landing in New Mexico. Their “astronaut taxi” launched upon a United Launch Alliance Atlas V Rocket on the May 19 and arrived at the ISS about 24 hours later, later returning to Earth on May 25th.
Emerging space nations mean business
Nations around the globe are taking note of the opportunities that await in new space, with increased funding for national and private programs. This week Australia seemed to be that country that stood out. Australian startup Space Machines Company (SMC) has partnered with SpaceX as their launch partner in transporting their Optimus Orbital Transfer Vehicle (OTV) to space for its April 2023 mission. The OTV will provide infrastructure and logistics services to a massively increasing number of orbiting vehicles and satellites. Furthermore, the Australian government has announce funding for 6 private firms, in areas such as launch and propulsion systems. Australia appears to be on track to be a major player in space. We also have to consider their fine mining heritage, and what this will mean for their role in the future of off-Earth resource extraction.
Turkey will also look to continue with their plans for space by sending the first Turkish astronaut to the ISS next year, it what will mark the 100th anniversary of the Turkish Republic.
It’s innovation again, that’s taking the spotlight
Technological innovation is one of the main driving factors behind the rapid growth of the space sector. More cost effective and reusable launch capabilities are taking us there, whilst public and private sector are well on the way to paving the way for the next steps. US company Benchmark Space Systems announced they will produce engines in the United Kingdom and also work with UK startup Space Forge on propulsion systems. Space Forge are planning an in-situ demonstration of their off-Earth (in orbit) manufacture of high-value materials, and return them to Earth. Off-Earth manufacturing is seen as a major step towards relieving planet Earth of the stress that industries put on it, a view shared Blue Origin’s Jeff Bezos.
Nanoracks are also due to press ahead with a demonstration of their in-orbit metal cutting capabilities, using a robotic arm, whilst NASA has announced a mission to launch their OSAM-1 in 2026, a robotic spacecraft which will be able to refuel and repair satellites in orbit, even much older satellites. If we continue to populate Earth orbit with an increasing number of satellites, then orbital management, servicing and debris removal are surely set to be a huge priority, and sustainable innovation could be key to that future.
Further from LEO, and looking towards the moon, Lunar Outpost, leader in commercial planetary mobility, received $12 million in seed investment for launches of a “new class” of lunar autonomous rovers, and investment in new technologies. Also, US-based startup AstroForge have raised $13 million in seed funding for their ambitious asteroid mining plans. They claim to be using new innovative methods, and plan an initial demonstration flight next year, and also claim that they will be the first to return materials to Earth by the end of the decade. Very ambitious and potentially exciting news for innovation.
New space is a decentralised space
Blockchain and decentralisation in space is nothing new. Blockchain is seen by some as the technology that will be the foundation of the new space economy, separating it from the Earth economy. This could be for reasons such as security from natural disasters or nation state attacks that harm traditional data centres on Earth, or even protecting economies that are based on the value precious metals, once humans begin to extract masses of resources from other celestial bodies.
This week Lockheed Martin and Filecoin Foundation announced that they will work together to demonstrate blockchain storage in space, announced after the World Economic Form meeting in Davos this week. Interplanetary File System (IPFS) is an open-source network that stores information which can be shared by users, and could reduce the reliance on Earth-based communications and storage.
Similarly, on Wednesday Cryptosat launched their first nano satellite into orbit on a SpaceX transporter. Crypto-1 will lead the way for secure blockchain cryptography in space, in what could be a real milestone for the industry. Interestingly, the nanosat was produced using “over the counter” parts and is the size of a coffee mug, hinting towards a future of more modular and simply developed space vehicles. This could be the first in many blockchain launches, building the foundations for a decentralised system that provides an open source, not reliant on trust, and again, immune to the attacks that could take place on Earth.
The foundations are being laid, but will governments and industry leaders continue to cooperate?
As the McKinsey report laid out, in order to achieve an accessible, self-sustaining space economy there needs to be global collaboration, widespread funding and healthy markets. Despite the fallout from the Ukraine conflict, and ongoing suspicion between China and the US, there is evidence of this kind of cooperation and investment taking place.
ESA head, Josef Aschbacher, has stated that he does not anticipate a Russian withdrawal from the ISS, despite what Russian space agency said only weeks previous. This comes after China only recently made an open invitation for anyone to use their soon to be completed Tiangong station. Furthermore, President Joe Biden has announced a closer relationship with both South Korea and Japan in space, and Japan added that they will send an astronaut to the moon as part of the Artemis program. This could all seem like positive news , but we do also have to ask how much these promises and public statements will be backed up by action, and whether they are part of a game of political poker.
In the private sector, Amazon Web Services provided assistance to a number of tech startups as part of their business accelerator program, including support for an electronic propulsion developer and a reusable orbital vehicle developer. In relation to mining, a “Project Cobalt” has requested financial incentives in order to employ staff throughout 2022. The project will be looking at mining near-Earth asteroids.
Despite the seemingly continued investor confidence in space, it is still clear that government funding will remain vital to emerging space sector companies, especially amid a potential economic downturn. NASA continues to support this idea, and has selected hundreds of smaller businesses and institutions to develop technology to help build the future of space, including a high-power electric rocket to new types of software and cutting-edge materials. Public investment could prove to be vital during the tough times ahead.
These both do sound like steps in the right direction, but we must always look closer. Is Amazon’s investment meant to genuinely stimulate the industry, or provide themselves with talent to build a corporation to rival others such as SpaceX and Starlink? The company behind Project Cobalt have decided to remain unnamed, and are considering moving from the Netherlands to friendlier regulatory environments in the United States, the United Kingdom or Luxembourg. Will the public ever be fully aware of their intentions?
Our time is now
The Space Tech Expo took place this week in California, with some interesting insights coming from it. Leaders expressed the need for standardisation in the industry, and essentially, long-term cooperation. This would primarily be for docking systems, interfacing parts and communications. Standards are necessary “if we really want to build infrastructure in space,” Karol Janik, technology manager for an independent U.K. research and technology organisation, said at the Expo.
The issue of supply chain problems was also discussed, with some suggesting that these disruptions could be an opportunity for innovation and new approaches. Lockheed Martin program director even mentioned that some small-sat manufacturers had turned to alternative suppliers, such as the automotive industry, in recent years.
It’s these kinds of relationships and innovations that will spur growth, create new industries and allow new space to flourish for all. The talent exists, whether it’s new space talent, or experts moving in from different industries. The technology is here, with established and new startups demonstrating how new tech can make space more accessible. Furthermore, the industry is tipped to be worth $1 trillion by 2040, which undoubtedly will give investors the confidence they are looking for.
The McKinsey report included several case studies and comparisons, and states that the space economy could be in a similar position to that of the Aviation industry between the 1920s and 30s, and others have compared its potential to that of the smartphone and internet boom.
The report also stated that there are four potential outcomes of our actions taken today;
- Accessible self-sustaining space economy
- Playground for developed nations and wealthy
- Unrealised potential, lack of funding and innovation
- National Security Arena, commercialisation is reduced and national security measures are increased
The decisions we make now will decide what happens in the future, and it’s a future that belongs to us all. We can look at history and learn from our mistakes in the past, where exclusivity made way for confrontation. We still have the time and confidence to build a better future. Let’s aim for option one.
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.