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About: Commercial use of space     Goto   Sponge   NotDistinct   Permalink

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Commercial use of space is the provision of goods or services of commercial value by using equipment sent into Earth orbit or outer space. This phenomenon – aka Space Economy (or New Space Economy) – is accelerating cross-sector innovation processes combining the most advanced space and digital technologies to develop a broad portfolio of space-based services. The use of space technologies and of the data they collect, combined with the most advanced enabling digital technologies is generating a multitude of business opportunities that include the development of new products and services all the way to the creation of new business models, and the reconfiguration of value networks and relationships between companies. If well leveraged such technology and business opportunities can contribut