Over the last few decades, Space has become less distant, in the sense that a whole new phase of thought leadership has emerged, especially in the “privatization” & “commercialization” of seeing space. An “Industry” has emerged pulling different aspects together: technology, research, investment, education and economics and business. An “industry” and “market” where latent demand is developing new capabilities in space exploration, tourism, satellite communication development and even space cleaning. With the growth and profound evolution of the space industry, the changing relationship between outer space with society and economy is set to accelerate into the next transformative stage.

Today, space infrastructure for satellite communications and imaging, space exploration, military space technology is enabling the creation of new services such as easier space flights and faster stable internet connections, which in turn has applications in new sectors like Energy, Telecommunications, Food Security, Transportation and Aviation. Resulting in additional economic and societal benefits.