NewSpace – New Business Models at the Interface of Space Industry and Digital Economy.
The commercialisation of the space business is rapidly advancing - in particular in the United States. The creation of new businesses with significant private capital investment, the deployment of new technologies and approaches, and the convergence with the information technology sector form the basis of what experts refer to as "NewSpace". New companies are pursuing new approaches and business models. Fifty years ago, space activities were of pioneering influence on the emerging IT industry. Today, information technology seems to specify the clock speed for the space sector. NewSpace brings about opportunities and risks for Germany and its space industry.
Can this approach be adopted in Germany? What are the success factors for NewSpace? What are the underlying business and financing models? How does NewSpace relate to the age of Industry 4.0 and digitalisation? What policy options exist for industry and institutions?
These and many other questions were investigated in this study which was commissioned by the German Federal Ministry of Economy and Energy.
SpaceTec presented on NewSpace at ESA's Space for Inspiration Conference that took place on 14-15 September 2016 at the London Science Museum London, watch the presentation again here.