Most people don’t know it yet, but we’re in the midst of a second space race, which many people in the field call New Space. Today, the field may be where the internet was in about 1992, the year after the Cold War ended when the web was still predominantly used by Defense Department employees, having stemmed from the Defense Advanced Research Projects Agency. By the end of the decade, mass numbers of the people were using the internet to communicate, consume information, and transact business. Fortunes were made — and lost.
New Space will offer similar commercial breakthroughs that will distinguish the current space race from its predecessor in the 1960s. However, with reward comes risk. The new opportunities that are being created in space will also present potential danger for companies and governments that can be better managed with foresight and planning.
New Space is being driven by three primary factors.
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