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A New Wave of Space Companies Is Coming. Can It Help Life on Earth?

Posted in economics, space travel

We’re moving past the bottleneck of available space launches.

The bottleneck nature of space launches is beginning to change.

In the last several years, the unprecedented growth of public-private partnerships has transformed space travel into an irresistible investment opportunity. “Since July last year we’ve had about a dozen millionaires take selfies in space,” said Tess Hatch, a partner with Bessemer Venture Partners (BvP), during a CES 2022 keynote attended by Interesting Engineering.

But there’s more to the budding space economy than tourism, alone. In fact, despite the outsized attention focused on billionaires and millionaires going to space, the vast majority is already going to support a much wider spectrum.

But how will that serve life down here on Earth?

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