Economic consequences of commercial space operations

The potential economic benefits generated from increased industry involvement and investment in space activities and the subsequent cost implications are discussed. A historical overview of commercial industry involvement in space is given and sources of new economic growth in space are discussed. These include communications satellites, small satellites, positioning and navigation services, space transportation and infrastructure, remote sensing, and materials processing in space such as the manufacturing of protein crystals and zeolites. Macroeconomic trends and principles such as limits on technology trade, eased restrictions on international joint ventures, foreign investments in U.S. firms, and increased foreign competition are discussed. Earth observations and mapping are considered. Opportunities for private sector involvement in building space infrastructure and space transportation are highlighted.