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2018 | OriginalPaper | Chapter

2. Commercial Space Markets and Stakeholders

Author : Stella Tkatchova

Published in: Emerging Space Markets

Publisher: Springer Berlin Heidelberg

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Abstract

This chapter presents and analyses commercial space markets of the past and the present. The space economy is expected to become a multitrillion dollar industry in the coming decades. With more than $13 billion (Thomas 2017) being invested in the last 16 years in space-related start-ups and space companies, the new space age has become a reality. Their classification and analysis makes possible a selection of primary future commercial space markets of interest for NewSpace companies. These are commercial space transportation markets, orbital and suborbital space tourism, R&D commercial payloads (i.e. instruments, etc.), in-orbit satellite servicing, in situ resource extraction and space debris prevention. Stakeholders in NewSpace companies (SpaceX, Blue Origin, XCOR, Armadillo Aerospace, etc.), service providers (Space Adventures, Virgin Galactic, etc.), space agencies (NASA, ESA, etc.), federations (Commercial Spaceflight Federation) and targeted customers will also be discussed.

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Footnotes
1
NanoRacks has installed on board the ISS the so-called NanoRacks CubeSat Deployer (NRCSD) which is capable of holding six CubeSat units, allowing to launch 1U, 2U, 3U, 4U, 5U and 6U (2 × 3 and 1 × 6) CubeSats. According to the material provided by the company until May 2016, they have deployed from the ISS more than 100 CubeSats (NanoRacks 2016).
 
2
In the mid-1990s, it was believed that microgravity environment will contribute to improve protein crystallization growth. Protein crystallization is the process of growing protein crystals from a solution (1998–1999, 1999) and was observed and concluded that “space-based protein crystallization does not replace ground-based research, as it can add time, expense, and questionable economic motivation”.
 
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Metadata
Title
Commercial Space Markets and Stakeholders
Author
Stella Tkatchova
Copyright Year
2018
Publisher
Springer Berlin Heidelberg
DOI
https://doi.org/10.1007/978-3-662-55669-6_2

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