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Space economy refers to the set of activities, industries, technologies, services, and resources that generate economic value through the exploration, understanding, management, and utilization of outer space. [1] [2] Commercial satellite use began in 1962 with Telstar 1, transmitting TV signals across the Atlantic Ocean.
Space exploration also gives scientists the ability to perform experiments in other settings and expand humanity's knowledge. [67] Another claim is that space exploration is a necessity to humankind and that staying on Earth will eventually lead to extinction. Some of the reasons are lack of natural resources, comets, nuclear war, and worldwide ...
The law was passed on May 21, 2015 to allow US industries to "engage in the commercial exploration and exploitation of space resources", but it asserts that "the United States does not [by this Act] assert sovereignty, or sovereign or exclusive rights or jurisdiction over, or the ownership of, any celestial body."
In most industrial countries, the aerospace industry is a co-operation of the public and private sectors. For example, several states have a civilian space program funded by the government, such as National Aeronautics and Space Administration in the United States, European Space Agency in Europe, the Canadian Space Agency in Canada, Indian Space Research Organisation in India, Japan Aerospace ...
Space industry refers to economic activities related to manufacturing components that go into outer space (Earth's orbit or beyond), delivering them to those regions, and related services. [ 1 ] [ 2 ] [ 3 ] Owing to the prominence of satellite-related activities, some sources use the term satellite industry interchangeably with the term space ...
Elon Musk-founded SpaceX today took its first step toward officially dumping Delaware and moving the commercial space exploration company to Texas. Meanwhile, SpaceX registered plans to build a ...
The Constellation program was officially cancelled in 2010, [13] with NASA repurposing Orion for exploration beyond Earth, [14] and collaborating with commercial partners for ISS crew rotation and other crewed activities in low Earth orbit following the retirement of the Space Shuttle program in 2011.
And Beijing is directing significant investments into commercial space exploration. Coupled with those civilian uses, there's a big military industrial need for titanium.