What Happened
New Orbital Economy Emerging With Cheaper Access To Space
A new report from the IEEE estimates that global investments in space technology could reach $100 billion to $200 billion, driven by the accelerating adoption of artificial intelligence. The report identifies several developments creating conditions for a faster-growing commercial space economy, including increased private investment, cheaper access to orbit, and reusable rockets. According to the report, this could lead to the emergence of a new orbital economy, encompassing areas such as orbital manufacturing and mining, and potentially altering global supply chains. The report was published by the IEEE Future Directions Committee’s Industry Advisory Board, as reported by Indian Television Dot Com.