The space industry is attracting new business

  • 📰 axios
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in CA

Canada Canada Latest News, Canada Canada Headlines