The Future of the Space Economy - Fresh Consulting

In this episode of The Future Of, Jeff is joined by Carolyn Belle, Director of Advanced Systems for Astroscale, and Andrew Maximov, CEO and Founder of Precious Payload, and Adrian Mangiuca, Vice President of Infrastructure at Voyager Space Holdings, to discuss the opportunities of building a sustainable and successful space economy.

They cover:

[00:12:06] The space economy includes building and launching satellites, operating them in space, sending data down to the earth, and providing communication and GPS services
[00:15:04] The space economy market is roughly 300 to 400 billion dollars. The funding comes from a government and commercial mix operating with communications and GPS data
[00:16:28] One of the greatest misconceptions about the space economy is people often say that space is so expensive and look at the industry with disbelief. Another misconception is that space is only a playground for billionaires
[00:20:35] Big space players like Elon Musk drive immense value to the space economy. But, at the end of the day, thousands of engineers, managers, and other professionals work to push the industry forward
[00:24:58] Robotics, autonomy, AI, and drone technology are significant to the space economy. These technologies reduce the cost of space operations and increase the speed at which we can deploy new innovations in space
[00:34:55] Regarding the space economy, you should focus on viable ideas and solutions. Though things like asteroid mining sound profitable, the amount of capital and complexity make it unreasonable in the present. One of the things the space economy misses is the infrastructure to build these capabilities
[00:41:07] The future of the space economy promises a more robust, dynamic, and interconnected activity. There would be a lot of incremental updates on existing systems and new applications
[00:49:03] When it comes to space ethics and equity, we should understand young specialists' perspectives and priorities, attract people beyond the space industry, and engage the global community

If you’re interested in the space economy, tune into this episode of “The Future Of”, a Podcast by Fresh Consulting.

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About the Show

“The Future Of”, is a podcast by Fresh Consulting & hosted by Jeff Dance, where we discuss and learn about the future of different industries, markets, and technology verticals. Together we’ll chat with leaders and experts in the field and discuss how we can shape the future human experience.

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WHO WE ARE:

Fresh Consulting is a strategy, design, software, and hardware innovation company that offers end-to-end services with integrated teams. We design and build strategies, brands, products, robotics, systems, and apps to help you stay fresh. Whether your plan is to stay ahead or your need is to stay relevant, our multifaceted teams quickly integrate with yours to help you transform and create the future, together. From understanding where you are now, to guiding you where you want to be, we'll provide the engine to help you build, grow, and lead.

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