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Published in:
2018 | OriginalPaper | Chapter
3. Commercialization Lessons
Author : Stella Tkatchova
Published in: Emerging Space Markets
Publisher: Springer Berlin Heidelberg
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Abstract
The pioneering nature of commercial space market creation, new technology development, high strategic and market risks and strong safety regulations will results in NewSpace companies facing similar problems as the ones faced by space companies in the 1980s and the 1990s. For example, in the 1980s companies like Space Industries Inc. (SII) proposed the creation of a commercial space station (i.e. Industrial Space Facility (ISF)) for the production of space materials in microgravity or in the mid-1990s the MIR commercialization attempts of the Russian and the early attempts of space agencies to commercialize the ISS. The lessons presented refer to difficulties in the creation of new markets, negative profits and strong government regulation.
