, is CEO & Founder of SB Global LLC and an international keynote speaker on tech used for the betterment of humanity.In an era of rapid technological change, space exploration promises profound scientific insights and groundbreaking opportunities. As I discussed in my talkDebates on space exploration's merits span across business, academia and government circles.
This economic stimulation is also evident in specific sectors, such as the commercial satellite industry, which is expected to reach, propelled by advancements in small satellite technologies. Additionally, the prospect of asteroid mining, like that of asteroid 16 Psyche, valued at approximately $10 quintillion, further highlights the untapped economic potential within the space sector.
For instance, technologies initially developed for space missions have been adapted to create more efficient batteries for medical devices, such as the FDA-clearedin total economic output during the fiscal year 2021 serves as an example of how NASA's technology transfer initiatives have produced significant economic output.
The advancement of space technologies has laid the groundwork for the next significant step in space exploration: the development of a. This emerging economic domain, integrating the Earth and the Moon along with their orbital environments, aims to sustain various space-related economic activities. While still developing, the economic potential of the cislunar sector is considerable, with various analyses suggesting significant growth as the technologies and market matures.