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Exploring the Potential and Profitability of Low-Earth Orbit Economy in 2021

Idealists may cringe, and not just because the video begins with “Space, the final frontier,” a phrase that has become someone’s own. But Deloitte was right when they said: “Space is now increasingly accessible and full of potential.” In terms of access to space, the technological and financial barriers to sending satellites into orbit have been reduced. NASA outsources resupply missions to commercial operators; The International Space Station will soon have a commercial module; It seems the seeds of space tourism are finally ready to germinate. In terms of ability? The potential for wonder and scientific discovery in space remains, if you keep working at it. But there is new potential shining with the emergence of the International Space Station star. As Deloitte’s video puts it: “We are at the dawn of a new era, where exploration creates economies and the potential to transform profits.”

Earth’s orbit is no longer a field of innovation and discovery. These are resources that can be fought over, and taken with impunity. Deloitte estimates the potential for a low-Earth orbit economy to be worth $312 billion per year by 2035. “We are on the cusp of realizing a dynamic low-Earth orbit economy, provided the right investment, catalytic and intervention efforts are in place,” the company said. Of course, Deloitte offers its services to support these efforts.

The commercialization of LEO is in some ways a testament to the International Space Station’s success in its mission. One of the station’s goals is to facilitate space exploration, with research into new space technologies and astronaut safety. Now NASA is turning its attention to space goals: returning to the Moon, hopefully by 2024, and putting humans on Mars sometime after that. If you look into the distance, humanity’s interplanetary future is just around the corner. Although the Moon and Mars are future targets for human settlement, the relative ease of reaching our planet’s orbit has expanded our reach into space. We are there – for the better and, of course, for the worse.

When is the first one Part of the International Space Station, which was launched in 1998, there are about 600 satellites in orbit, more than 200 of which are in low Earth orbit. Almost all of these satellites are government satellites, both military and non-military projects – space science, weather monitoring, etc. – and almost all of them came from the United States and the Soviet Union. Low Earth orbit extends to about 1,200 miles above the Earth’s surface. This is where Sputnik, the space shuttle flew, and where Hubble orbits today. But when companies started launching satellites, they focused on geosynchronous orbit. High above low Earth orbit, about 22,000 miles above the Earth, a satellite in geosynchronous orbit has a fixed view of the Earth’s hemisphere; Commercial activity in low Earth orbit has only increased in the last decade, as in-orbit communications and imaging methods have changed. In fact, in the 1990s, with the end of the Cold War, the number of satellites in low Earth orbit decreased slightly. But all the technological advances sparked by the Cold War – from solar power to satellites to global communications – would not last; There’s science to be done, and there’s profit to be made.

2023-11-05 14:19:47
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