³$LUWUDYHOEHFDPHURXWLQH,WKLQNZHDUHDWWKDWSRLQW
7KLVQH[WJHQHUDWLRQWKDWLVFRPLQJRQOLQHWKLV\HDU
DQGQH[WLW¶VFDSLWDOL]HGRQRU\HDUVRI
LQYHVWPHQW ́VD\V&KXFN%HDPHVDUHWLUHG$LU)RUFH
FRORQHOZKRFKDLUVERWKWKH<RUN6SDFH6\VWHPVVWDUWXS
DQGWKH6PDOO6DW$OOLDQFHLQGXVWU\JURXS³:KDWZDVD
VDQFWXDU\WKDWZDVUHDOO\NLQGRIFRQWUROOHG1RZZH¶UH
HQWHULQJDQDUHQDZKHUHLWWHQGVPRUHWRZDUGDQDUFK\ ́
THE PRIVATIZATION OF SPACE
)DOOLQJFRVWVRYHUWKHODVWWZRGHFDGHVKDYHVSDUNHGD
SUROLIHUDWLRQRIVSDFHH[SORUDWLRQE\VPDOODQG
PHGLXPVL]HFRPSDQLHVDORQJZLWKLQYHVWPHQWLQWKRVH
FRPSDQLHV6RPHVXFKDV6SDFH;DQG2QH:HEDUH
XVLQJVDWHOOLWHVLQORZ(DUWKRUELW²XSWRDERXW
PLOHVDERYHWKHVXUIDFH²WREODQNHWWKH(DUWKLQ
FRQQHFWLYLW\2WKHUVLQFOXGLQJ3ODQHWDQG0D[DUKDYH
ODXQFKHGQHWZRUNVFDOOHGFRQVWHOODWLRQVZKLFKDUH
GHVLJQHGWRLPDJHODUJHVZDWKVRIWKH(DUWK/(2
VDWHOOLWHVDUHQRWVWDWLRQDU\UHODWLYHWRWKH(DUWK²WKH\
SDVVRYHUGL̆HUHQWUHJLRQVDVWKH\RUELWHDFKRQH
DLPLQJDVPDOOEHDPGRZQDWWKHJURXQGVWDWLRQ$WDQ\
JLYHQWLPH\RXUGDWDFRXOGEHFRPLQJIURPGL̆HUHQW
FRQQHFWHGVDWHOOLWHVZLWKLQWKHVDPHFRQVWHOODWLRQ
0D[DUWKLQNVVDWHOOLWHLQIRZLOOKHOSRSWLPL]H
agriculture, disaster response, environmental
PDQDJHPHQWVKLSSLQJDQGPRUH&RPSDQLHVLQFOXGLQJ
.HSOHUDQG&ORXG&RQVWHOODWLRQDUHHYHQXVLQJVDWHOOLWHV
IRUGLVWULEXWHGVHFXUHH[WUDWHUUHVWULDOGDWDVWRUDJHDQG
WUDQVIHUVRUWRIOLNHDVSDFHEDVHGFORXG6DWHOOLWHV
UDQJLQJIURPWKHVL]HRIDEUHDGER[WRWKHVL]HRID
refrigerator are launching at an unprecedented rate,
IURPLQWRPRUHWKDQLQERWKDQG
$QGWKDWQXPEHUZLOORQO\JRXSDV6SDFH;
executes its plan for a constellation of more than
E\
Falling costs
over the last
two decades
have sparked a
proliferation of
space explor-
ation by small
and medium-
size companies.