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Image depicting What is the Space Economy? Is it benefitting anyone?

What is the Space Economy? Is it benefitting anyone?

 

Recommended for Middle Grades

Analysts expect the space economy to be worth $10 trillion by 2040. 100 km above the Karman line. Cislunar space is the volume between the geostationary Earth orbit and the orbit of the Moon.

Spaceports will be interstellar travel centres. Thus spaceports are 22nd-century airports and seaports.

The four Fifth Industrial Revolution zones are Yellow, Pearl, Long, and Black. Moreover, technology that crosses categories will be most fascinating. And this combination will create unimaginable products and services.

The Space Economy has a place for everyone who wishes to explore our full human potential.

Key facts!

  • The Space Economy is a 450 billion-dollar ecosystem that each of us participates in on a daily basis.
  • In point of fact, you are most likely viewing this on a mobile device or internet connection that is made possible by a satellite that is orbiting the earth somewhere in space.
  • The Space Economy includes all the companies (such as those who make rockets and satellites, research climate change, work in data and finance, are in the defence industry, etc.) that combine to develop the trillion-dollar ecosystem above our heads that makes modern digital life possible.
  • Analysts expect the space economy to be worth $10 trillion by 2040.
  • As per experts,  rapid technology advancement, and commercial incentives will flourish space tourism.
  • “Spaceports” are the new interstellar transport centres. Spaceports are 22nd-century airports and seaports. Beyond tourism, the Space Economy includes production, trade, and commerce for familiar and novel goods and services.
  • Space Economy is the Fifth Industrial Revolution.
  • These four Fifth Industrial Revolution zones are Yellow, Pearl, Long, and Black.
  • Gold-coloured yellow represents fintech, digital assets, and new financial and economic organisations.
  • Pearl encompasses robots, AI, big data, and other modern technology.
  • Long represents longevity and health and wellness advancements.
  • Finally, Black symbolises the energy revolution powered by nuclear, solar, and superior battery technology.

Youtube user “Morgan Stanley” shares their insight under a minute on the Space Economy.

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