The dawn of the entrepreneurial space age - New Space - has been in the making for some years. Now, it is expanding more rapidly than ever. In the near future, it will deliver increasingly high-speed communications networks for all, new levels of insight for the sustainment of our planet, as well as the ultimate in adventure travel, space tourism. In the longer run, it will lead to a permanent, habitable moon base; possibly some mineral harvesting and utilization; and almost certainly a scientific colony on Mars—and that’s only a partial list.
Satellites are the main component in the space economy engine, and account for about three-quarters of the $348-billion in revenues generated from space activities. Upcoming constellations of small satellites in low Earth orbit are expected to add some 40,000 new satellites in Earth orbit within the next few decades. This massive growth is requiring New Space actors to rapidly produce increasingly sophisticated sustainable satellites and reusable launchers.
Nowadays, the path towards more geospatial data analytics is on its way to help numerous companies, public entities and governments capture and analyze data to better understand everything such as solutions to solve sustainable goals set by the United Nations, predicting natural disasters, ensuring border security, and much more.