Lecture

Startups & Space: New Space Economy Overview

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Description

This lecture by the instructor provides an overview of the New Space Economy, focusing on the role of start-ups in the space industry. The lecture covers the ESA Business Incubation Centers, which support space-related start-ups across Europe. It also showcases success stories of start-ups like INSOLIGHT, 9T LABS, and ClearSpace, highlighting their innovations in space technology. The challenges and solutions for start-ups in the space sector are discussed, emphasizing the evolving space market in Europe. The presentation concludes by inviting questions and interest from the audience.

In MOOC

New Space Economy

The New Space sector is a fast-growing market, boosting the historical institutional space exploration economy. The roughly 366 billion USD global space industry in 2019 is estimated to surge to over $1 trillion by 2040. The current growth in the development of space infrastructures and production of data from space is opening a full range of new applications for new customers. New business models for space encompass launchers, satellite manufacturers, in-orbit servicing, telecommunication, cybersecurity, e

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Related concepts (32)

European Space Agency

The European Space Agency is an intergovernmental organisation of 22 member states dedicated to the exploration of space. Established in 1975 and headquartered in Paris, ESA has a worldwide staff of about 2,200, as of 2018, and an annual budget of about €7.08 billion, ESA's space flight programme includes human spaceflight (mainly through participation in the International Space Station program); the launch and operation of uncrewed exploration missions to other planets (such as Mars) and the Moon; Earth observation, science and telecommunication; designing launch vehicles; and maintaining a major spaceport, the Guiana Space Centre at Kourou (French Guiana), France.

Space debris

Space debris (also known as space junk, space pollution, space waste, space trash, space garbage, or cosmic debris) are defunct human-made objects in space - principally in Earth orbit - which no longer serve a useful function. These include derelict spacecraft - nonfunctional spacecraft and abandoned launch vehicle stages - mission-related debris, and particularly numerous in Earth orbit, fragmentation debris from the breakup of derelict rocket bodies and spacecraft.

Spaceflight

Spaceflight (or space flight) is an application of astronautics to fly objects, usually spacecraft into or through outer space, either with or without humans on board. Most spaceflight is uncrewed and conducted mainly with spacecraft such as satellites in orbit around Earth, but also includes space probes for flights beyond Earth orbit. Such spaceflight operate either by telerobotic or autonomous control.

Space exploration

Space exploration is the use of astronomy and space technology to explore outer space. While the exploration of space is carried out mainly by astronomers with telescopes, its physical exploration is conducted both by uncrewed robotic space probes and human spaceflight. Space exploration, like its classical form astronomy, is one of the main sources for space science. While the observation of objects in space, known as astronomy, predates reliable recorded history, it was the development of large and relatively efficient rockets during the mid-twentieth century that allowed physical space exploration to become a reality.

Space industry

Space industry refers to economic activities related to manufacturing components that go into outer space (Earth's orbit or beyond), delivering them to those regions, and related services. Owing to the prominence of the satellite-related activities, some sources use the term satellite industry interchangeably with the term space industry. The term space business has also been used. A narrow definition encompasses only hardware providers (primarily related to launch vehicles and satellites).

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