Lecture

Trends in Space: New Space Economy

Graph Chat

Chat with Graph Search

Ask any question about EPFL courses, lectures, exercises, research, news, etc. or try the example questions below.

DISCLAIMER: The Graph Chatbot is not programmed to provide explicit or categorical answers to your questions. Rather, it transforms your questions into API requests that are distributed across the various IT services officially administered by EPFL. Its purpose is solely to collect and recommend relevant references to content that you can explore to help you answer your questions.

Description

This lecture explores the trends in the space industry, focusing on the new space economy, cost of launching payloads, dedicated launch services, rideshare missions, evolution of spacecraft, satellite constellations, satellite launches, major satellite operators, human presence in space, and financing for space companies.

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

Official source

Ontological neighbourhood

Mechanical engineering

Aerospace engineering: Spacecrafts

Related concepts (32)

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.

Launch vehicle

A launch vehicle is typically a rocket-powered vehicle designed to carry a payload (a crewed spacecraft or satellites) from Earth's surface or lower atmosphere to outer space. The most common form is the ballistic missile-shaped multistage rocket, but the term is more general and also encompasses vehicles like the Space Shuttle. Most launch vehicles operate from a launch pad, supported by a launch control center and systems such as vehicle assembly and fueling.

Human spaceflight

Human spaceflight (also referred to as manned spaceflight or crewed spaceflight) is spaceflight with a crew or passengers aboard a spacecraft, often with the spacecraft being operated directly by the onboard human crew. Spacecraft can also be remotely operated from ground stations on Earth, or autonomously, without any direct human involvement. People trained for spaceflight are called astronauts (American or other), cosmonauts (Russian), or taikonauts (Chinese); and non-professionals are referred to as spaceflight participants or spacefarers.

Human spaceflight programs

Human spaceflight programs have been conducted, started, or planned by multiple countries and companies. The age of manned rocket flight was initiated by Fritz von Opel who piloted the world's first rocket-propelled flight on 30 September 1929. All space flights depend on rocket technology; von Opel was the co-designer and financier of the visionary project. Until the 21st century, human spaceflight programs were sponsored exclusively by governments, through either the military or civilian space agencies.

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).

Related lectures (64)

Space Exploration 2024: Upcoming Missions and Opportunities

Outlines the key space exploration missions and developments planned for 2024, including NASA's Artemis 2 and SpaceX's Crew 8 missions.

History of Space Exploration MOOC: New Space Economy

By Claude Nicollier delves into the history and future of space exploration, emphasizing sustainability and commercial opportunities.

Space Stations & International Cooperation MOOC: Space Mission Design and Operations

Explores the evolution of space stations and global partnerships in space exploration.

Space Mission Design and Operations

Explores upcoming space missions, historical achievements, and the role of space agencies and private companies in space exploration.

Human Spaceflight: Overview MOOC: Space Mission Design and Operations