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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 ...
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 ...
The growth of the space industry also helps other industries, such as telecommunications and materials engineering, by creating new job opportunities. Environmentally, using reusable rockets helps reduce space debris. By reusing rockets, space agencies can produce less waste and lessen the impact of space missions on the environment.
Space Scotland (formerly Scottish Space Leadership Council) is an industry coordinating body created to promote the Scottish space industry. In conjunction with Scottish Space Academic Forum and The Scottish Government, they have published A Strategy for Space in Scotland 2021 [7] for the continued development of the Scottish space industry over the next decade.
Airbus faced higher losses in its defense and space division in the first nine months of 2024, losing €617 million against a €3 million deficit in the first nine months of 2023.
Commercial recovery of space resources is the exploitation of raw materials from asteroids, comets and other space objects, including near-Earth objects. [31] Minerals and volatiles could be mined then used in space for in-situ utilization (e.g., construction materials and rocket propellant) or taken back to Earth .
Since setting up SpaceX in 2002 as a launcher of large rockets to compete with Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT), Musk has methodically moved to take over the entire space industry ...
India’s space industry has gained global attention with the Chandrayaan-3 lunar landing and the Aditya-L1 solar probe launch. Funding in India’s space sector, a key part of the country’s ...