Space Economy
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The oecd space forum provides a definition of global space economy that comprises the space industry s core activities in space manufacturing and in satellite operations and other consumer activities that have been derived over the years from governmental r d.
Space economy. The global space economy continued to grow last year and reached 423 8 billion according to a report by the space foundation on thursday. The future of our economy depends on the vigorous pursuit of space exploration. Our industry has experienced some of a downturn but i. The space economy will require a self sufficient ecosystem that includes capital strategic partnerships and evolving business models.
As wesh 2 s paul rivera reports the company continuing its mission should serve as not only an economic boost but also a backup plan for rocket launches on the space coast. All the economic activities proposed for the other space economy are about making it possible to have a space economy. Here s how it may develop in the coming years. One is the consumer demand for space flight which could be served by companies like virgin.
The space economy is growing there are three ways to look at the space economy over the next decade.
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