Discussion Track 2: Entrepreneurship in the Space Industry
Moderated by Ms. Taryn Tomlinson, Chief of Staff, Canadian Space Agency
Over the last few decades, there has been an explosion in new space or “NewSpace” startups. Their endeavors include launch vehicles, CubeSat constellations, space stations, asteroid mining, lunar delivery services, in-space manufacturing, and much more. As the cost of access to space decreases, there will be even more opportunities for more entrepreneurs to enter into the space arena. Small businesses have always been a key factor in terrestrial economics, but have struggled to expand off the planet without a major financial backer. Moving research, manufacturing, and even entire businesses to space will not only change the earth economy, but will also form the foundation for a space-based economy.
As space enters the mainstream, our generation will get to guide the role of small businesses and entrepreneurs will play in the new space economy.
Questions for Discussion
- What policies would be most beneficial to future space entrepreneurs as space becomes more mainstream.
- In what areas do you see the most opportunities for innovation? What areas do you see as oversaturated or becoming obsolete?
- How do you envision today’s NewSpace startups impacting traditional aerospace companies in the future? What can these two groups learn from each other?