The space industry is attracting new business

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Traditionally Earth-bound companies, industries and investors are now looking to space as a place to do business, compete and invest.

of the space industry are looking to space to add value to their own companies.

Instead of focusing on the number of satellites in orbit, companies are able to talk about how their data — provided by satellites — and unique analytics can transform a business or sector.The space industry is also being seen as a source of competition with terrestrial companies in some sectors, BryceTech's Carissa Christensen tells Axios.

Manufacturing could also face competition from space companies focused on new ways of building rockets in the future.Entrepreneurial attention from success stories like Elon Musk, Jeff Bezos and Richard Branson has also brought more interest from outside of the space industry, Christensen says.

 

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