A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Opportunities and Challenges facing the Commercialisation of Outer Space
The space industry is rapidly expanding, and the potential market is estimated to be worth $1 trillion by 2040. With the emergence of private actors in space enabled by innovations such as re-usable rocket technology, the industry is poised for significant growth. Increased privatisation of the commercial space industry will free up funds of national space agencies for exploration and scientific research for the betterment of humankind. However, there are issues that need to be addressed before space can be accessible to all, including monopolisation, the creation and monitoring of space junk, and the lack of policy regarding the use, ownership, and maintenance of outer space and its resources. A legal framework needs to be implemented to prevent the creation of debris and to prevent accidental or purposeful collisions in outer space and to be able to govern the safe use of space for everyone. The ambiguity surrounding the possibility of private entities to own resources found in outer space needs to be clarified by the international community, and a legislative framework must be constructed to ensure the orderly development of space operations to prevent international disputes. If the international community were to take a proactive approach towards space policy, actors operating in the space industry would be protected from having to deal with inconsistent national laws.
Opportunities and Challenges facing the Commercialisation of Outer Space
The space industry is rapidly expanding, and the potential market is estimated to be worth $1 trillion by 2040. With the emergence of private actors in space enabled by innovations such as re-usable rocket technology, the industry is poised for significant growth. Increased privatisation of the commercial space industry will free up funds of national space agencies for exploration and scientific research for the betterment of humankind. However, there are issues that need to be addressed before space can be accessible to all, including monopolisation, the creation and monitoring of space junk, and the lack of policy regarding the use, ownership, and maintenance of outer space and its resources. A legal framework needs to be implemented to prevent the creation of debris and to prevent accidental or purposeful collisions in outer space and to be able to govern the safe use of space for everyone. The ambiguity surrounding the possibility of private entities to own resources found in outer space needs to be clarified by the international community, and a legislative framework must be constructed to ensure the orderly development of space operations to prevent international disputes. If the international community were to take a proactive approach towards space policy, actors operating in the space industry would be protected from having to deal with inconsistent national laws.
Opportunities and Challenges facing the Commercialisation of Outer Space
Mitchell, Samuel (author)
2023-01-01
URN:NBN:fi:amk-202305109055
Theses
Electronic Resource
English
DDC:
720
Opportunities and Challenges Facing Underground Construction
| British Library Conference Proceedings | 1997
Building Beyond Earth: Challenges and Opportunities in Outer Space Construction
| BASE | 2023
Challenges and Opportunities Facing Maternal and Child Health (MCH) Professionals
| British Library Online Contents | 2015
Commercialisation of an Applied Research Project
| British Library Conference Proceedings | 1993