How Space startups aim to get rich in the emerging commercial s

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Many people believe that startups are the future of the space industry.

  • They are not afraid to make mistakes and introduce new ideas, unlike large corporations.

    Our planet is just a grain of sand in the Universe, and space should be a logical continuation of the expansion of human commercial activity. And if space exploration was prerogative of states earlier, now entrepreneurs make a greater contribution to its development. Private business in space is revolutionizing the way we look at space exploration opportunities. What will it lead to and other useful and interesting information can be found on https://orbitaltoday.com/.

    Private space companies and developments are a healthy competition, thanks to which the cost of launches and aircraft is reduced, new technologies are created and space becomes a commercially profitable sphere. 

    Space industry business

    The pioneers were the Americans-they managed to make the space industry accessible to private companies, turning the American aerospace Agency NASA from a monopolist to an administrator of space programs.

    At the mention of the private space business, the first person who comes to mind is Elon Musk, of course. He managed to create reusable rockets "Falcons" and everyone knows about his plans to conquer Mars.

    Today, real money is made in earth orbit, where commercial satellites fly — this is still the most profitable area of the space business. Such a number of satellites in the sky would not have been possible if CubeSat microsatellites had not replaced the cumbersome and expensive designs.

    The idea was that space would be best colonized by small, inexpensive, and fast computers, assisted by teams of engineers. Hundreds of startups today are taking advantage of the opportunity to save money using the microsatellites. It’s not profitable to produce one big satellite.

    Space Internet

    In the near future, SpaceX plans to launch a global satellite Internet with the help of satellites, which will cover the entire planet. It is planned to put about 12 thousand satellites into low earth orbit. 

    And SpaceX is not the only company that is ready to provide Internet access from anywhere in the world using satellites.

    Space tourism

    Now space tourism is not very popular because it's very expensive. When a space tour will cost several hundred thousand dollars, the number of those wishing to get into space will exceed a thousand. Virgin Galactic Company, owned by Richard Branson believes in this. Commenting on the activities of his contenders in the field of space tourism, Branson said that, in his opinion, the main "commercial space race" is between him and Amazon founder Jeff Bezos. "I think we're both neck and neck as to who will send the people (space tourists) into space," Branson said. Virgin Galactic is developing tourist suborbital space flights and launches of small artificial satellites. In the future, the company plans to offer its customers orbital flights.

    To conclude it all, we must say that space is really one of the most interesting areas for investments. We are at the beginning of a new era in space exploration and we will see a lot of real space companies with billions of turnover. The democratization of space continues.

    What is the most successful space startup in your opinion? Feel free to share your opinion in the comments.

     

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