Executive Insight & Q&A
New Space Economy
Capitalizing on space-enabled data, infrastructure, and commercial satellite ecosystems.
Key Questions & Expert Answers
Q1What is the New Space Economy?
The New Space Economy refers to the expanding commercial ecosystem built around space technologies, infrastructure, data, services, and applications influencing agriculture, logistics, climate intelligence, and finance.
Q2How big is the space economy?
A World Economic Forum and McKinsey analysis estimated that the global space economy could grow from approximately $630 billion in 2023 to around $1.8 trillion by 2035.
Q3What opportunities exist in the space economy?
Opportunities span satellite communications, Earth observation, climate intelligence, logistics, agriculture, mobility, insurance, and infrastructure monitoring.
Q4How can businesses participate in the space economy?
Businesses do not need to build rockets; many participate by using satellite data, Earth observation, and space-enabled infrastructure to improve Earth-based operations.
Q5Who can speak about the future of the space economy?
Dr. Mai speaks about the New Space Economy within the wider transformation of technology, business, sustainability, and future industries.