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AI is giving the growing space industry a boost

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Advances in artificial intelligence are helping the space industry advance.

Investment in the space industry has faced headwinds this year in line with broader trends, but as space companies look for new lines of funding, government contracts and private investment, AI could serve as a boon.

Years ago, companies provided huge amounts of data to government agencies to analyze and produce their own results. But today, companies are analyzing data for their customers directly.Scott Herman, Maxar Intelligence chief product officer, tells Axios.Part of the barrier to entry for new customers in the space industry has centered around the fact that data is difficult to access and hard to understand.

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