The So What from BCG Your Next Business Move Should Be in Orbit
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Oct 22, 2025 Troy Thomas, BCG's global lead for space business, dives into the transformative potential of satellite technology. He emphasizes how space has become crucial for economic growth and operational efficiency across various sectors, from agriculture to finance. Troy explains that every company will eventually need a tailored space strategy to harness these advancements. He also addresses the challenges of satellite congestion and the importance of resilience in leveraging space services. Ultimately, he urges businesses to seize space opportunities as a vital part of their future.
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Space Is An Economic Opportunity
- Space now equals economic opportunity and improved sustainability, not just science or security.
- Troy Thomas argues space delivers tangible business value across industries today.
Life Without Satellites Causes Daily Chaos
- A day without space would disrupt alarms, navigation, financial timing, travel, and weather forecasts.
- Troy Thomas uses this scenario to show how embedded satellites are in daily life and infrastructure.
Space-For-Earth Drives Rapid Growth
- The current space economy (~$600B) is rapidly growing toward $1T by 2030, driven mostly by space-for-Earth services.
- Troy Thomas compares its scale to automotive to show it's significant and accelerating.