Why the business of orbit is entering a new phase
Space is becoming a bigger part of everyday business, from communications and Earth observation to defense and predictive analytics. Voyager Technologies CEO Dylan Taylor and Muon Space President Gregory Smirin explain how cheaper launches, more satellite constellations and advances in AI are pushing the space economy into a new phase. Watch more from the CNBC CONVERGE LIVE conversation in Singapore to hear how the business of orbit is moving from exploration to infrastructure.
Why the business of orbit is entering a new phase The space economy is entering a new phase, integrating more into everyday business through communications, Earth observation, defense, and analytics. This shift is fueled by decreasing launch costs, expanding satellite constellations, and progress in artificial intelligence. The focus is transitioning from space exploration to establishing orbital infrastructure.
- Space is increasingly integrated into everyday business operations.
- Key business areas include communications, Earth observation, defense, and predictive analytics.
- Factors driving the new phase of the space economy are cheaper launches, more satellite constellations, and AI advancements.
- The business of orbit is moving from exploration towards infrastructure development.
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