Commercial Spaceflight And The Dawning Age of NewSpace

Rocketing prices: The investors eyeing the riches of space

Space has long been off-limits to most of us. It’s almost 60 years since the launch of Sputnik 1 heralded the birth of the space age. Since then people have walked on the moon, robotic rovers have trundled across the Martian surface and a wealth of probes have explored the worlds in our solar system – most recently, Pluto. But the space industry has typically been the preserve of governments – only they have had the pockets deep enough to fund it.

In recent years, however, companies like SpaceX and Virgin Galactic have begun to commercialise space exploration – to the tune of $13bn (£8.3bn) over the past decade. These investors might help to realise ambitious ideas like holidays to the moon, lunar mining and trips to Mars – ideas that could see many ordinary people one day enjoying out-of-this-world experiences. Just last month, a report part-funded by Nasa suggested a permanent Moon base could be finished by the 2030s – and private investors may help construct it. As the market grows and becomes more relevant to every day consumers, should canny investors be reaching for the stars?

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See on Scoop.itThe NewSpace Daily


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