|Title:||What's new in newspace: redefining "newspace"|
|Authors:||James Murphy, Author|
|Material Type:||ISU Individual Project|
|Publisher:||Illkirch-Graffenstaden (France) : International Space University, 2022|
|Size:||1 electronic resource (56 p.) / col. ill.|
|Bibliography note:||Includes bibliographical references|
NewSpace is a misleading vague term used within the space sector to bundle all emerging space companies under one term. Since the beginning of the Space Race, there have been three phases of the space sector that are defined by new actors emerging; the first phase was dominated by government leadership and vision during the Space Race, the second phase began with the introduction of the billionaires in space developing in the 80s and 90s, and the third phase which is currently emerging welcomes a broader range of private actors which began around the beginning of the millennium. The push toward privatization comes from lowering of prices and technological innovation. Private companies have been involved since the beginning of the Space Race, but their role in the space sector is no longer uniform. Investing in the space industry has changed seeing an influx of new investors from outside the sector. A few factors have led to the evolution of the sector, including the introduction of new policies that help foster growth in the private sector.
The term NewSpace shows that space companies are consider something different then companies in other sectors. As more companies utilize space as a resource for monetary benefits the more space companies will be looked at as a viable investment. This project uses qualitative and quantitative data to conduct mapping of US space companies to create a better definition, or a new term, for NewSpace. This information could be useful for understanding the different business models being used, and how the companies are collecting revenue. Understanding these differences could help people from outside of the space sector make more informed investment decisions about the space sector.
|ISU program :||Master of Space Studies|
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