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CNBC Tech: Beyond The Valley
India, China and the U.S. battle for supremacy in the new space age
Oct 24, 2024
Christopher Newman, Professor of Space Law and Policy at Northumbria University, shares his expertise on the thrilling developments in the new space age. He discusses the escalating competition between the U.S., China, and India, highlighting China's rapid advancements. The conversation delves into the intricate dynamics of space governance, including the looming threat of space debris and international accountability. Newman also draws parallels between space law evolution and cyber law, illuminating the legal challenges of expanding space activities. All this, with a sprinkle of lively debates on favorite space films!
38:37
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Quick takeaways
- The global space economy is poised for significant growth, driven by private companies, aiming to reach $1.8 trillion by 2035.
- China's advancements in space technology are reshaping the competitive landscape, emphasizing a new era of multi-national supremacy in space exploration.
Deep dives
Global Space Economy Growth
The global space economy is projected to grow significantly, potentially reaching $1.8 trillion by 2035. This growth is expected to rival established industries like semiconductors, indicating that space technologies will become as integral to society as microchips are today. The driving force behind this expansion is largely attributed to the surge of private companies entering the space sector, which contrasts with the previous era dominated by government-led initiatives. As countries like the U.S. and China advance their space capabilities, the competitive landscape of the space economy is rapidly evolving.
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