Monday, April 14, 2008
Space Economy - Outer Space the Next Business Frontier
Outer space is the future of business, according to a report released by the Space Foundation.
The report said the Space Economy, defined as the full range of economic activities in the course of exploring, understanding and utilizing space, has become the next great frontier for business growth, exceeding $250 billion in projected value to the U.S. economy.
Commercial activities such as satellite and GPS-related services raked in $173.4 billion in 2007 -- more than 70 percent of total global space revenues. In contrast, NASA's budget is only $17.3 billion in 2008.
Underscoring this development, the Austin, Texas-based Phillips & Co., a global business development and market consulting firm launched its Space Technology and Commerce Practice on Wednesday, on the 49th anniversary of the Mercury Seven news conference, when NASA introduced the first seven American astronauts to the world.
More from here
Keywords: Space industry, Space Foundation, Space Economy, GPS, Austin, Texas-based Phillips & Co, Mercury Seven news conference, NASA , astronauts, Rich Phillips
The report said the Space Economy, defined as the full range of economic activities in the course of exploring, understanding and utilizing space, has become the next great frontier for business growth, exceeding $250 billion in projected value to the U.S. economy.
Commercial activities such as satellite and GPS-related services raked in $173.4 billion in 2007 -- more than 70 percent of total global space revenues. In contrast, NASA's budget is only $17.3 billion in 2008.
Underscoring this development, the Austin, Texas-based Phillips & Co., a global business development and market consulting firm launched its Space Technology and Commerce Practice on Wednesday, on the 49th anniversary of the Mercury Seven news conference, when NASA introduced the first seven American astronauts to the world.
More from here
Keywords: Space industry, Space Foundation, Space Economy, GPS, Austin, Texas-based Phillips & Co, Mercury Seven news conference, NASA , astronauts, Rich Phillips
Labels: Aerospace-Engineering
PermaLink - Space Economy - Outer Space the Next Business Frontier posted by Ecacofonix : 8:47 PM
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