Understanding the Space Economy
HBR IdeaCast
00:00
Exploring the New Space Economy
This chapter examines the rapid growth of the space economy, currently valued at $325 billion, and its potential through ventures like space mining. It highlights the competitive landscape of satellite positioning, the impact of private companies, and the lack of regulation in space exploration. The discussion also reflects on how the reduction in launch costs is opening doors for both major firms and new startups, while acknowledging the challenges that lie ahead for ambitious space missions.
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