Hershey, Pennsylvania
New York, New YorkBeijing, China
Email Updates RSS
Search
Russia spaceflight strengthens the connections between business and space

Could the Corporatization of Space be on the Horizon?

By Emily Mistishen on Aug 27, 2018
Since the launch of Sputnik 1 in 1957, space exploration has been a major fascination in countries around the world, with many sinking millions of dollars into its research. According to the World Economic Forum, the United States’ NASA is in the lead with almost $40 million (not including their planned Space Force program), followed by China, Russia, and Japan. Russia, in particular, is a major leader in space exploration, as the nation recently made a breakthrough with their cargo ship setting a new record in space travel, bringing the world one step closer to making spaceflight more accessible.

Prof. Pierre Lionnet, from EUROSPACE, and Prof. Stella Alexandrova, from RHEA System S.A., mark the space industry as a growing market that can promote a whole new realm for interplanetary business. In their chapter, “Space Industry Market Trends,” from the publication, Space-Based Technologies and Commercialized Development: Economic Implications and Benefits, they note that the improvement of space flight technology allows the industry to expand and diversify its market base, which in turn brings in a wide range of benefits for the country, including improving technology for non-space organizations. “Human space-flight and interplanetary exploration of space have driven large developments. And as a consequence, capabilities in design, development, and production of space-qualified hardware have developed in the private (and public) industry." According to a Gizmodo article, Russia freighter spacecrafts have commonly remained the most efficient at delivery trips, usually requiring only a few hours versus U.S. ships requiring several days. Reducing the necessary delivery time has been a goal for many major space organizations as it would be a considerable benefit in making space travel more feasible and practical.

While the accomplishment is innovative, Russia’s spacecraft, named Progress 70 freighter, did not carry passengers, and NASA cautions that the trip is not yet available for manned launches. However, many scientists and researchers can agree that it is an important achievement towards increasing space’s availability. Once space travel becomes feasible for consumers, researchers argue that extraplanetary and interplanetary travel can be opened up for commercialization, making space a new market with a myriad of possibilities; however, commercializing space is still far away.

In the chapter, “Moon and Mars Space Exploration Concepts,” Prof. Stella Tkatchova from RHEA System S.A. and Prof. Todome Kazuhide from Japan Manned Space Systems state, “Companies involved in the provision of commercial cargo services will face challenges in securing funding for the development of new markets and applications, attracting investor support, reducing the time to market of the technologies developed, achieving cost-saving solutions, and generating space patents from the use of space-based technology.” While commercialization is not quite here, the space industry and its potential market carries benefits. “Certain space agencies, such as Roscosmos and JAXA, have demonstrated how international partnerships can result in benefits definition; such as cost savings and technology interoperability, and indirect benefits, such as free publicity and technology innovation,” Prof. Tkatchova and Prof. Todome explain. “Commercialization of space-based technologies holds a promise for the development of future technologies that will be beneficial to industries and national economies.”

Today, countries around the world continue to improve and expand their space programs. While the stakes are not as high as the Space Race era from 1957 to 1975, space agencies are still pushing to be the first to access the marketability of space and reap its benefits. IGI Global publications, including Space-Based Technologies and Commercialized Development: Economic Implications and Benefits, highlight a new era of space-based technology and interplanetary exploration.
For more information around aerospace, materials science, and government, click here. To ensure this research is made available to the academic community, all of these publications are featured as a part of IGI Global’s InfoSci®-Books database which offers institutions access to 4,500+ books containing over 89,000 chapters of peer-reviewed research in core subjects such as Business & Management, Computer Science & Information Technology, Education, Engineering, and Social Sciences & Humanities. InfoSci-Books offers institutions full-text PDF and HTML format with no DRM and an unlimited number of users. Purchase or recommend a free trial for your institution today.

Additionally, view the recommended readings below and recommend them to your library:

Disclaimer: The opinions expressed in this article are the author’s own and do not reflect the views of IGI Global.
Newsroom Contact
Caroline Campbell
Marketing Manager
ccampbell@igi-global.com
(717) 533-8845, ext. 144
www.igi-global.com/
Browse for more posts in:
Science & EngineeringAerospace EngineeringEastern Europe

No comments Comments

Log in or sign up to comment.
Be the first to comment!

More from IGI Global Scientific Publishing

Apr 25, 2025 Will AI Replace Librarians? Benefits and Pitfalls of This Technological Revolution
Free Webinar Registration Now Open
Computer Science and Information TechnologyLibrary and Information ScienceWebinarFree Content
0
Apr 24, 2025 Is This the Key to Reducing Climate Change?
Has the UK discovered a breakthrough in the fight against climate change? A new project has launched in the UK where scientists are exploring ways to extract carbon from the ocean in an effort to curb greenhouse gas emissions—widely recognized as the leading driver of global warming.
Science & EngineeringSustainable DevelopmentBooks & E-BooksResearch TrendsClimatology
0
Apr 21, 2025 Wetlands at Risk
As the world continues to battle the effects of climate change, the preservation of vital ecosystems like wetlands becomes increasingly urgent. Wetlands play a crucial role in maintaining ecological balance, supporting biodiversity, and mitigating the impacts of extreme weather events.
Environmental, Agricultural, and Physical SciencesSustainable DevelopmentBooks & E-BooksClimatology
0
Apr 17, 2025 Educated but Unprepared
Despite growing up in the digital age, over half of Generation Z individuals feel anxious about the usage of AI—what’s missing in their education?
EducationArtificial IntelligenceBooks & E-BooksResearch TrendsEducational Technologies
0
Apr 15, 2025 IGI Global Scientific Publishing Sponsors the Open Science Education Institute (OSEI)
Championing Open Science as a Sponsor for New Community Platform
Free ContentOpen AccessPress Release
0
Apr 11, 2025 Advancements in Patient Care
Advancements in healthcare are transforming how we diagnose, treat, and prevent diseases, improving both quality of life and patient outcomes.
Medical, Healthcare, and Life SciencesHealthcare Information SystemsBooks & E-BooksExpert Q&AMedical TechnologiesMedical, Healthcare, & Life Sciences
0
Apr 11, 2025 Interview with Dr. Joel Cohn
Hear from Dr. Joel Cohn as he discusses his latest book with IGI Global Scientific Publishing, with Dr. Jerry White.
Business and ManagementBusiness & Organizational ResearchBooks & E-BooksInterview
Apr 11, 2025 IGI Global Scientific Publishing Announces the 2024-2025 Journal Reviewer Award Winners
IGI Global Scientific Publishing congratulates the winners of this year's Journal Reviewer Award
JournalsAwards & RecognitionOpen Access
0
Apr 11, 2025 Newly Released Open Access Articles April 11, 2025
Fully Peer-Reviewed Free Research
Business and ManagementScience & EngineeringBusiness Information SystemsBusiness IntelligenceDecision Support SystemsElectronic ServicesKnowledge DiscoveryBlended & Mobile LearningWeb-Based Teaching & LearningEnvironmental EngineeringKnowledge SocietyJournalsArticlesFree ContentOpen AccessEducation & Social ScienceAgricultural Science Environmental ScienceIntelligent Technologies
0
Apr 10, 2025 Could Record Tariffs Put the Global Economy in Danger?
In response to the recent decision made by US President Donald Trump to impose higher tariffs on international trade, many experts are worried that a global recession may be on the horizon.
Business and ManagementGlobal BusinessBooks & E-BooksResearch Trends
First Previous 1 2 3 4 5 6 7 8 9 10  ... Next Last