Commercial Space

In: Other Topics

Submitted By judienne
Words 2810
Pages 12
Introduction
The commercial space region consist of entrepreneurial space companies, emerging market for space capabilities and prime contractors. Space commercialization involves rendering or selling of services such as satellite communications, remote sensing, launching of space objects and the manufacturing, transferring and exchanging of space products for remuneration." Commercial space is divided into different areas which are: launch vehicle manufacturing and services, satellite manufacturing and satellite operation and services. The opportunity of using space to make money by selling goods and services to governments and private customers has become very prevalent in Europe, Nigeria and Russia and is growing rapidly. Government plats a huge and active part in the capitalizing and promoting of commercial space, they carry this role out by creating policies that are regulatory and polices that lead government agencies into purchasing services or hardware from companies.eg. Buying data from remote sensing satellite companies.
“Space has become a global enterprise with the number of nations and firms with space goods and services growing rapidly. And not only are more people involved in space but also the unique advantages of the space environment have contributed greatly to the growing trend toward globalization through its almost universal coverage of populated areas with communications and observation products and services.” (Hertzfeld. H. R chapter. 5) Commercial space is becoming a global trend as more countries are buying into it and expanding their investment in space and the businesses it has to offer. Dating back 50 years ago the US was the only country that bought into space and made millions of dollars of investment in it. Today…...

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