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The McKinsey Podcast
The case for space
May 30, 2024
Explore the $1.8 trillion space economy by 2035 and the implications for responsible practices. Author discusses historical leadership lessons for today. Discover the impact of space technology on daily life and the evolving regulations. Private investment, sustainability, and transformative power of space exploration are also covered.
27:38
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Quick takeaways
- The global space economy is anticipated to reach $1.8 trillion by 2035, opening up vast opportunities for both public and private sectors.
- Space technology is pivotal for disaster management, including real-time information, communication during emergencies, and in-orbit servicing challenges.
Deep dives
Growing Space Economy Predicted to Reach $1.8 Trillion by 2034
McKinsey Senior Partner, Ryan Brookhart, forecasts a flourishing space economy worth $1.8 trillion by 2034. The increasing accessibility of space, propelled by lower costs and technological advancements, has integrated space assets into various aspects of daily life such as navigation and communications.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode