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    The Space Economy: A Gateway to Opportunities for Innovators

    Feb 01, 2022 5 minutes
    by Srivani Mandapaka

    Space - a boundless extension and humans are well capable of doing business anywhere in the universe. Space travel has been an exclusive province of astronauts and animals (as a specimen) for the past few decades. Thanks to visionaries and emerging technologies, multi-planetary life is now a possibility — a breakthrough. What will you call an industry that is not limited to a state, country, continent, or even the planet? Rather than defining it as an industry, we can call it a medium of commerce where humans conduct business. Why wait? Take a look at the economy and initiatives to increase growth and opportunities for various industries.

    What is Space Economy?

    Morgan Stanley estimates that the space sector will reach $1 trillion in economic output by 2040. According to UBS (via CNBC), space tourism will be worth $3 billion in markets by 2030. That’s the stir the space economy

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