With the looming retirement of the space shuttle, the ascension of space tourism and hopes of returning to the Moon by the year 2020, this is an exciting and uncertain time when it comes to space travel and exploration. But with uncertainty and excitement also come opportunities that could change the way we look at space for decades to come and give rise to brand new ways of doing business and spawn dozens of new companies. Flying excited passengers to the edge of space could be just the beginning of a whole new industry that serves scientists, explorers and even the worlds’ military powers.
Dr. Ian O’Neill, a veteran contributor to Universe Today and avid space blogger and Greg Fish, a popular science and business writer who’s work regularly appears on BusinessWeek.com, have joined forces to identify target markets for space minded entrepreneurs as well as lay out what issues need to be resolved along the way in Astroeconomics: Making Money From The Vacuum Of Space. Combining science with marketing and the basics entrepreneurship, O’Neill and Fish take a new look at the economics of space exploration to find business opportunities for space minded companies and put many long popular ideas about the future of space travel under the microscope to separate fact from fiction.
Ultimately, the writers argue, we’ll need to rethink our priorities in space and rather than focus on politics, flag planting and living in fear of taking on new and exciting projects, we should be trying our best to transition space travel to a market-driven system which serves government agencies with assets in space, scientific institutions and private enterprise. Commercialization of space is slowly but surely beginning to happen and Astroeconomics will help space minded entrepreneurs to complete this shift and make the most of it.