The Business of Space: Newly emerging private space industry has significant opportunities & risks
In recent years, moves by NASA to privatize aspects of its operations has sparked a new interest in space travel and new space opportunities for many businesses. The most clear of those opportunities stems from the private rocket industry as they snapped up NASA and commercial contracts to deliver equipments such as satellities into space.
Despite this, it's becoming clear that companies set to move into the new Space sector will face many challenges and obstacles, the most important being hold-ups in the development of the industry due to difficulty creating a proven business model and creating economic sense.
This case study identifies how:
- Cleaning up space is edging closer to commercial viability as space debris is a serious long-term threat to usability of space.
- NASA is outsourcing to save costs but grandee missions will remain preserve of space agency.
- Age of space tourism is finally dawning as rival companies approach commercial operations.
- Space industries of the future are developing, but still limited by economics.
Key Questions Answered
- What progress has been made in the satelite industry?
- Who are the main players in rocket delivery?
- What emerging industries are likely to get off the ground and what are emerging opportunities for businesses looking to enter the market?
- What emerging industries are unlikely to become a reality?