The Space Economy

The space economy is expanding and becoming increasingly global, driven by the development of ever-more governmental space programmes around the world, the multiplication of commercial actors in value chains, durable digitalisation trends, and new space systems coming of age. This report describes these emerging trends using new and internationally comparable data and indicators.

This volume deals with key issues of the space economy, defined as the full range of activities and the use of resources that create value and benefits for human beings in the course of exploring, researching, understanding, managing and utilizing space. These topics are treated from an economic perspective, with particular attention paid to the development of knowledge, as well as the set-up of technologies with high industrial impacts. The book, thus, provides a new and wider interpretation of the space economy, focusing on the (tangible) returns of the investments made in the space industry since the Space Race. It will particularly appeal to scholars, researchers and PhD students, as well as those in the space community.

This publication provides a summary of the key methodological issues surrounding indicators and statistics on the space sector and the larger space economy.

This book provides answers to the questions of why human-kind should go into space, and on the relative roles of governments and markets in the evolution of the space economy. It adopts an interdisciplinary approach to answer those questions. Science and technology define the boundaries of what is possible. The realization of the possible depends on economic, institutional, and political factors. The book thus draws from many different academic areas such as physical science, astronomy, astronautics, political science, economics, sociology, cultural studies, and history. In the literature, the space economy has been analyzed using different approaches from science and technology to the effects of public expenditures on economic growth and to medium term effects on productivity and growth. This book brings all these aspects together following the evolutionary theory of economic change. It studies processes that transform the economy through the interactions among diverse economic agents, governments, and the extra-systemic environment in which governments operate. Its historical part helps to better understand motivations and constraints - technical, political, and economical - that shaped the growth of the space economy. In the medium term, global issues - such as population changes, critical or limited natural resources, and environmental damages – and technological innovations are the main drivers for the evolution of the space economy beyond Earth orbit. In universities, this book can be used: as a reference by historians of astronautics; for researchers in the field of astronautics, international political economy, and legal issues related to the space economy. In think tanks and public institutions, both national and international, this book provides an input to the ongoing debate on the collaboration among space agencies and the role of private companies in the development of the space economy. Finally, this book will help the educated general public to orient himself in the forest of stimuli, news, and solicitations to which he is daily subjected by the media, television and radio, and to react in less passive ways to those stimuli.

Representing an innovative approach to the analysis of the economic geography of capitalism, this stimulating book develops an analytical political economic framework. Part 1 provides an introductory overvi9ew fo some of the fundamental debates about price, profits and value in economics which underlie the analytical political economy approach. Part 2 analyzes the special role of space and transportation in commodity production and the spatial organization of the economy that this implies. Parts 3 and 4 examine the conflicting goals and actions of different social clases and individuals and how these are complicated by space, concluding with a detailed analysis of capitalists’ strategiesas they cope with uncertainty and disequilibrium.

This book paints a richly detailed picture of the space industry, its downstream services activities, and its wider economic and social impacts.

We are now living through a period of knowledge capitalism in which, as Castells put it, 'the action of knowledge upon knowledge is the main source of productivity.' In the face of such transformation, the economic, social and institutional contours of contemporary capitalism are being reshaped. At the heart of this world are an emergent set of economies, regions, institutions and peoples central of the flows and translations of knowledge. This book provides an interdisciplinary review of the triad of knowledge, space, economy on entering the twenty-first century. Drawing on a variety of disciplinary backgrounds, the first part of the book comprises a set of statements by leading authors on the role of knowledge in capitalism. Thereafter, the remaining two parts of the book explore the landscape of knowledge capitalism through a series of analyses of knowledge in action within a range of economic, political and cultural contexts. Bringing together a set of authors from across the social sciences, this book provides both a major theoretical statement on understanding the economic world and an empirical exemplification of the power of knowledge in shaping the spaces and places of today's society.

If man’s next big step is to live and work in space, then what will everyone do out there that is so different from what we are now doing here on Earth? As the future of space comes into focus it is clear that profit and power are the core elements of the new space economy. This entertaining and informative book looks at human settlement in space as a mainstream business opportunity for investors, entrepreneurs and far-sighted individuals seeking to secure their place in the innovative commercial space sector. Dr. Jack Gregg presents a unique 5-phase development roadmap that shows how space will grow from a frontier economy to a mature integrated market. Written in simple, non-technical language, this book answers such questions as: • What is the new industrial space economy? • What are the challenges and roadblocks on the way to a robust space economy? • How will the rapid growth of the new space economy impact commerce back on Earth? • How can one best invest in profitable space-related enterprises? The Cosmos Economy is for readers who hope to be better equipped and more informed about the new space economy; and Investors, entrepreneurs, and futurists who wants to learn how to take part in the business opportunities of the new high frontier of commercial space.