A New Wave of Space Companies Is Coming. Can It Help Life on Earth?

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We're moving past the bottleneck of available space launches. 🛰️ engineering CES2022

In the last several years, the unprecedented growth of public-private partnerships has transformed space travel into an irresistible investment opportunity. "Since July last year we've had about a dozen millionaires take selfies in space," said Tess Hatch, a partner with Bessemer Venture Partners , during a CES 2022 keynote attended by Interesting Engineering.

This was also part of the origin story for public-private partnerships, which saw private firms not only design and build space vehicles and testing equipment for scientific experiments, but operate their own launches and space missions . Now,"[w]e sponsor organizations to improve mankind for commercial reasons here on Earth," added Alafrangy.

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