HBR IdeaCast The Growth of the Private-Sector Space Industry
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Apr 29, 2025 
Matthew Weinzierl, a Harvard Business School professor and co-author of "Space to Grow," teams up with Brendan Rosseau, a strategy manager at Blue Origin. They discuss the shift from a government-led space industry to a thriving private market. The duo highlights how reducing costs have opened doors for new companies and showcases innovation opportunities in space, including ventures like pharmaceuticals and data centers. They also stress the ongoing importance of government support in this rapidly evolving frontier.
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Space Industry: Decentralization Not Privatization
- The space industry is decentralizing, not fully privatizing.
- Governments still heavily influence the market, setting priorities and acting as major customers.
Launch Cost Revolution in Space
- Launch costs to low earth orbit have dropped nearly 90% with commercial reusable rockets.
- Future technology like SpaceX's Starship could reduce costs by 99%, revolutionizing access to space.
Expanding Access to Space
- Lower launch costs expanded access to space beyond large national and commercial players.
- This democratization allows startups and innovators to experiment with new space technologies.
