Today there is a phenomenon of democratization of space, a process of opening up to new actors and business opportunities. At the time, the Internet was the breeding ground for hundreds of startups; today, space is the ecosystem where many business ideas are materializing in the «space business».
Large companies and startups are exploiting space to do their business on Earth to generate relevant data they will process and commercialize.
What is New Space?
The launch of Sputnik 1 marked the beginning of the conquest of space, which meant for half a century putting into orbit satellites that were increasingly large, expensive and designed to last 40 years. In the past, the industry reserved the space for large corporations dependent on the governmental and military spheres. That was the Old Space.
Today, the space landscape is very different: the new wave of colonization is being carried out by small, cheap, fast systems. It favors those companies that need the space to achieve their objectives and expand their services to come into play.
Now more than ever, space is looked at with a commercial objective. Both large and medium-sized companies and startups are flocking to the final frontier of business, the «space business».
Business opportunities in space
Space has been humanity’s ultimate goal, but New Space is already a reality in the business world, and there is still a long way to go.
New business opportunities emerge daily from pioneers who know that arriving first can make the difference between success and failure. The possibilities are endless, but many opportunities are already real, producing benefits for all companies and sectors.
If you have any questions and are interested in discovering how your company or industry could take advantage of the opportunities that the space offers us, do not hesitate to contact us, send us an email to email@example.com
We recommend you: Space Business Strategy: the first step for doing business in space