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Increased private investment in space is also driving down the cost of launching satellites into orbit, says the report. Lower costs mean more organizations can launch smaller satellites, opening up the prospect of innovations such as space-based energy generation and even tourism. More @Wikipedia
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- Space is booming. Here's how to embrace the $1.8 trillion opportunityMeanwhile, applications like space tourism are no longer in the realms of science fiction. The market is expected to be capped at around $4-6 billion to 2035, with most revenues coming from in-orbit stays aboard space stations by ultra-high-net-worth individuals.
- The space economy is booming. How can it benefit Earth? | World ...The Space Foundation’s The Space Report 2022 estimates that the space economy was worth $469 billion in 2021 – a 9% increase from a year earlier. And over 1,000 spacecraft were put into orbit in the first six months of this year, the report says – more than were launched in the first 52 years of space exploration (1957-2009).
- Space tourism: 6 key considerations for future space travel | World ...In July 2021, entrepreneur Sir Richard Branson and Amazon founder Jeff Bezos went up into space, accompanied by fellow passengers. These trips created vast amounts of media coverage and brand recognition for Branson’s Virgin Galactic and Bezos’ Blue Origin. This could indicate that a commercial space tourism industry is on the horizon.
- How to shape a sustainable space through responsible actionThis rating system encourages space actors to design and implement sustainable space missions and operations by recognizing those who champion space sustainability on a global scale. Building on this, the same council also conceptualized the Space Sustainability Monitor , a tool to track how states implement international frameworks and best ...
- Space | World Economic ForumThe space sector is evolving rapidly, with new public- and private-sector actors propelling it towards commercial launch and space tourism, ever-larger constellations that provide connectivity and ever-more precise Earth observation, as well as partnerships for lunar exploration and beyond. As the domain undergoes this important transformation, the Global Future Council on Space will explore ...
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