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Russia spaceflight strengthens the connections between business and space

Could the Corporatization of Space be on the Horizon?

By Emily Mistishen on Aug 27, 2018
Since the launch of Sputnik 1 in 1957, space exploration has been a major fascination in countries around the world, with many sinking millions of dollars into its research. According to the World Economic Forum, the United States’ NASA is in the lead with almost $40 million (not including their planned Space Force program), followed by China, Russia, and Japan. Russia, in particular, is a major leader in space exploration, as the nation recently made a breakthrough with their cargo ship setting a new record in space travel, bringing the world one step closer to making spaceflight more accessible.

Prof. Pierre Lionnet, from EUROSPACE, and Prof. Stella Alexandrova, from RHEA System S.A., mark the space industry as a growing market that can promote a whole new realm for interplanetary business. In their chapter, “Space Industry Market Trends,” from the publication, Space-Based Technologies and Commercialized Development: Economic Implications and Benefits, they note that the improvement of space flight technology allows the industry to expand and diversify its market base, which in turn brings in a wide range of benefits for the country, including improving technology for non-space organizations. “Human space-flight and interplanetary exploration of space have driven large developments. And as a consequence, capabilities in design, development, and production of space-qualified hardware have developed in the private (and public) industry." According to a Gizmodo article, Russia freighter spacecrafts have commonly remained the most efficient at delivery trips, usually requiring only a few hours versus U.S. ships requiring several days. Reducing the necessary delivery time has been a goal for many major space organizations as it would be a considerable benefit in making space travel more feasible and practical.

While the accomplishment is innovative, Russia’s spacecraft, named Progress 70 freighter, did not carry passengers, and NASA cautions that the trip is not yet available for manned launches. However, many scientists and researchers can agree that it is an important achievement towards increasing space’s availability. Once space travel becomes feasible for consumers, researchers argue that extraplanetary and interplanetary travel can be opened up for commercialization, making space a new market with a myriad of possibilities; however, commercializing space is still far away.

In the chapter, “Moon and Mars Space Exploration Concepts,” Prof. Stella Tkatchova from RHEA System S.A. and Prof. Todome Kazuhide from Japan Manned Space Systems state, “Companies involved in the provision of commercial cargo services will face challenges in securing funding for the development of new markets and applications, attracting investor support, reducing the time to market of the technologies developed, achieving cost-saving solutions, and generating space patents from the use of space-based technology.” While commercialization is not quite here, the space industry and its potential market carries benefits. “Certain space agencies, such as Roscosmos and JAXA, have demonstrated how international partnerships can result in benefits definition; such as cost savings and technology interoperability, and indirect benefits, such as free publicity and technology innovation,” Prof. Tkatchova and Prof. Todome explain. “Commercialization of space-based technologies holds a promise for the development of future technologies that will be beneficial to industries and national economies.”

Today, countries around the world continue to improve and expand their space programs. While the stakes are not as high as the Space Race era from 1957 to 1975, space agencies are still pushing to be the first to access the marketability of space and reap its benefits. IGI Global publications, including Space-Based Technologies and Commercialized Development: Economic Implications and Benefits, highlight a new era of space-based technology and interplanetary exploration.
For more information around aerospace, materials science, and government, click here. To ensure this research is made available to the academic community, all of these publications are featured as a part of IGI Global’s InfoSci®-Books database which offers institutions access to 4,500+ books containing over 89,000 chapters of peer-reviewed research in core subjects such as Business & Management, Computer Science & Information Technology, Education, Engineering, and Social Sciences & Humanities. InfoSci-Books offers institutions full-text PDF and HTML format with no DRM and an unlimited number of users. Purchase or recommend a free trial for your institution today.

Additionally, view the recommended readings below and recommend them to your library:

Disclaimer: The opinions expressed in this article are the author’s own and do not reflect the views of IGI Global.
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