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How capitalism will conquer space

11 19
yesterday

CAPE CANAVERAL, FLORIDA – SEPTEMBER 09: SpaceX’s Polaris Dawn Falcon 9 rocket sits on Launch Complex 39A of NASA’s Kennedy Space Center as it is prepared for another attempt to liftoff on September 9, 2024 in Cape Canaveral, Florida. The Polaris Dawn mission is a private spaceflight backed by Jared Isaacman, the billionaire founder of payments platform company Shift4. During the mission, the astronauts will attempt the first spacewalk by a private company. The launch has been re-scheduled from Tuesday, August 27, to Tuesday, September 10th, at 3:38 am and has a four-hour window. (Photo by Joe Raedle/Getty Images)

The world’s first trillionaire will be the head of a space-based business, predicts Rainer Zitelmann

Space is the most undervalued industry in the world. It is particularly unappreciated in Europe, which has now fallen hopelessly behind the United States and China. The US carried out 153 launches last year, China 68 and Europe three.

The science fiction author Arthur C Clarke wrote back in 1977: “The impact of satellites on the entire human race will be at least the same impact as the advent of the telephone in so-called developed societies”. And he was right. Satellite mega-constellations such as Starlink, Qianfan, Kuiper, and Sat Net will ensure........

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