Introduction and background: the global space industry

2011 ◽  
pp. 1-33
Author(s):  
Louis Brennan ◽  
Alessandra Vecchi
Keyword(s):  
Author(s):  
Jason Hay ◽  
Paul Guthrie ◽  
Carie Mullins ◽  
Elaine Gresham ◽  
Carissa Christensen

2020 ◽  
pp. 74-80
Author(s):  
A. В. Khodykin

The article carries out an analysis of the competitiveness of the Russian space industry in the international space services market according to the following indicators: the volume of budget of national space organizations, the volume of the commercial space exploration market, the number of space launches, positions in manned cosmonautics, production of spacecrafts, deep space exploration, staffing of the space industry and international integration in the space sphere. The paper conducts a SWOT-analysis of the Russian space industry. Its main strengths are: leading positions in manned cosmonautics, leading positions in the number of space launches per year, and extensive experience in space exploration. The greatest concern is caused by: the lack of development of space robotics, insufficient programs for the development of deep space, financial problems and the private sector of Russian cosmonautics, which is in its infancy. The author substantiates the necessity of reforming the Russian space industry.


2021 ◽  
Author(s):  
Ayobami Bamigboye

Morgan Stanley estimates that the global space industry could generate revenues of more than $1 trillion or more by 2040, up from over $400 billion currently. Do declining launch costs, technological advancements and a rising interest in the public sector make space the next trillion-dollar economy? The dynamics of the space sector has led wall street analysts to forecast that the space industry could become the next trillion-dollar industry by 2040. As of January 2018, the global space economy grew more than 8%, generating $414.75 billion in space activities.With unmanned scientific exploration, high levels of private funding advancement in technology the implications of investment for a more accessible, low cost into outer space is significant, with potential opportunities for improvement of the resources in space for profit-making and expansion of business concerns, the expanding interest of public sector migrate into the shift from private finding to public and herald the entrance of traditional finance There are fortunes and resources in the space economy which aids the activities of humans, as well as the bold exploration of countries to expand research and understand the limits use and the extent to the use in the space economy.This paper seeks to explore the prospects of investment banking activities in the growing space economy, seeing the growing development of exchange-traded funds already being explored in the space economy and the new regulations allowing Wall Street to do Venture Capital which expands the exploration of capital and buttresses the objective of raising capital by a major player, Space X which raised about $44 Billion and so grows the prospect of more banking activity. Furthermore, the possibilities that are inherent in the eventual proliferation of investment banking activities in the space industry will be addressed. In attempting to do justice to such a lofty idea, the universal need for funding in the world of business will be examined as a representation of the intersection between banking interests and space interests. The interplay of factors such as risk and understanding of business processes in the dynamics of any relationship between investment banking and the space industry will also be examined. The purpose of such analysis will be to afford an understanding of the role that investment banking has to play in the space industry, as an over text to the elements and characteristics of space activities that define the rate of the growth of the influence and applicability of investment banking to the peculiar needs and unique concerns associated with the pursuit of profitable business in the space economy. Lastly, this paper looks to give an account of the evolution of Space Dispute Arbitration, and how the existing legal mechanisms in force for directing arbitral awards have evolved in scope and flexibility since the first satellite launch. In general, and as a statement of fundamental purpose, this paper will attempt to provide a wide and sufficiently detailed representation of what the space industry is, the dynamics of space arbitration and how its resultant economic sector functions, in order to hypothesize on the part that investment banking has to play in its growth and in the maximization of its resultant profits for all shareholders involved.”


Subject Space debris. Significance A UK research satellite late last month successfully tested for the first time a system for capturing an object in orbit using a net -- part of a project to develop methods of removing human-made orbital debris. Debris and overcrowding present serious threats to the 335-billion-dollar global space industry and the space-based services on which most governments, businesses and individuals around the world rely every day to communicate, navigate, anticipate the weather and many less conspicuous but vital functions. Impacts Orbital object-tracking services and (eventually) debris removal could develop into commercial industries. New laws and agreements will be needed to determine who pays for removal and clarify who is liable for collisions or debris removal. Conflict may emerge between emerging spacefaring nations and the 'first movers' who created the orbital pollution. Competition for vacant slots will increase; there may need to be new international agreements. A war between major powers would necessarily involve space and could create a debris field that makes space permanently inaccessible.


Author(s):  
Alessandra Vecchi ◽  
Francesco Ricci

Advances in the space industry, with its implications on science, economy and well-being of citizens, is mostly chosen as one of the priority areas for development by developing countries and newly industrialized countries. However, there is already an over-capacity in the global space industry and there are doubts on necessity of additional capacity establishment by developing countries and newly industrialized countries. Drawing on the experience of internationalization of an Italian Small Medium Enterprise, this chapter provides some insights over the challenges experienced by developing countries and newly industrialized countries to attract foreign investments for the establishment of the industry. The study relies on a structured research protocol where primary data was collected from several interviews with the firm and European space agencies.


2016 ◽  
pp. 2202-2229
Author(s):  
Alessandra Vecchi ◽  
Francesco Ricci

Advances in the space industry, with its implications on science, economy and well-being of citizens, is mostly chosen as one of the priority areas for development by developing countries and newly industrialized countries. However, there is already an over-capacity in the global space industry and there are doubts on necessity of additional capacity establishment by developing countries and newly industrialized countries. Drawing on the experience of internationalization of an Italian Small Medium Enterprise, this chapter provides some insights over the challenges experienced by developing countries and newly industrialized countries to attract foreign investments for the establishment of the industry. The study relies on a structured research protocol where primary data was collected from several interviews with the firm and European space agencies.


2021 ◽  
Vol 66 (1) ◽  
pp. 32-49
Author(s):  
Bianka Parragh ◽  
Gusztáv Báger ◽  
Árpád Kovács ◽  
Gergely Tóth

This study was motivated by the fact that space industry has become one of the most innovative, rapidly developing, least crisis-sensitive industries, which grows dynamically worldwide. Its resilience to shocks is quite apparent. Since the outbreak of the pandemic1 in spring 2020, the sector preserved many jobs and created new ones, while its innovative and technological advances remained uninterrupted. This study – based on surveys, statistical and other databases – aims to take stock of the current state of the Hungarian space sector and industry, and to set out possible directions for state involvement to enhance further progress. Our research confirmed that the Hungarian space industry, although its direct contribution to social performance is moderate today, employs a significant number of highly skilled workers and introduces cuttingedge technologies. Furthermore, through its innovations and technological and scientific transfers, its contribution to the competitiveness of the Hungarian economy is significant, even at the current level of its capacities. With adequate support and wise investments, the added value, the growth and international potential and the global space industry value chain involvement the space industry can be exploited to a much greater extent than at present.


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