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Economy of Space Economy of Space

How space is shaping a new economy

Launch

Private Investment Amount

In 2020, private investment in space companies hit a record high of $8.9 billion and experts predict That number could reach $1.4 trillion by 2030. Bank of America

On Earth

Investing in the Future

What was once a far-off frontier is now a hub for exploration and innovation. From futuristic new ideas to Earth-saving technologies, space is one of the fastest-growing industries in the world.

Within the last year alone, commercial space has become one of the most lucrative sectors in the world due to its explosive exponential growth.

Business of Space

The business of space connects to nearly every other industry:

From Healthcare to Robotics

Energy to Telecom

Manufacturing to Materials Science

Technology to Tourism

Improve Life

 
While space tourism brings everyone from cancer survivors to Hollywood icons into space, companies are building the technology and infrastructure to improve life on Earth and address some of the most important issues of our time.
 

Chris Kemp Quote

"Our sphere is trying to get a whole new economy in low Earth orbit, and it’s meant to improve life on Earth." Chris Kemp, Astra Founder, Chairman and CEO

In Orbit

Space for Earth

Companies like Astra are building technology for low Earth orbit to Improve Life on Earth from Space™, starting with launch services. The spacetech industry is growing rapidly to connect and protect our planet. Examples of the potential of this technology includes monitoring and tracking wildfires and tropical storms.

burning earth

Wildfires

Satellites help to detect and study natural disasters on earth. 2021 saw nearly 60,000 wildfires across the globe Insurance Information Institute

Storm Chasing

With a NASA contract to track and monitor storms as part of the agency's TROPICS Earth science mission, Astra plans to launch a constellation of satellites in 2022 that will study storms from space. These satellites will allow scientists to detect and study hurricanes and cyclones, a matter of increasing importance as 2021 was the third-most active hurricane season in recorded history.

Astra is also working closely with Earth-imaging company Planet to loft its Earth-observing satellites into orbit.

Note: The traditional weather satellite pictured is not reflective of Astra technology.

Make Space for Everyone

Astra is working to offer frequency and flexibility for customers to deliver satellites to space. These efforts not only make space accessible for a wider range of companies to launch and explore new technology, but they also fuel the fire of competition, pushing towards a future for all in space.

Satellite Solutions

Constellations of satellites in orbit provide real-time data and the internet around the globe. Once in space, propulsion technology allows constellations of satellites to change orbits for a wide variety of use cases.

Micro Satellite 1 Micro Satellite 2 Micro Satellite 3

Internet Access

Satellites enable internet connectivity in even the most remote parts of the world. However, nearly half of the world's population still lacks internet access. United Nations

Satellites

Detect Icon

With thousands of internet satellites already in orbit and many thousands more planned to launch into orbit, manufacturing and launch technology are just the beginning of what it takes to make these ambitious goals of worldwide connectivity a reality.

Junk

Meteor Icon

Millions of pieces of debris small and large from defunct satellites, rockets, and more remain trapped in Earth’s orbit, cluttering the space and increasing the risk of collision with working technology. Companies are taking note, and developing the technology needed to prevent and manage space debris. Organizations like World Economic Forum (WEF) are implementing the Space Sustainability Rating (SSR), a new, innovative way of addressing the orbital challenge by encouraging responsible behavior in space through increasing the transparency of organizations’ debris mitigation efforts.

Creativity

Satellite Icon

Additionally, technological creativity is leading to the development of satellites that don't interfere with astronomical observations.

WEF

The ISS

Science in Space

The International Space Station (ISS) is a hotbed for innovation, new technology, and commercial interests.

Lab in the Sky

Companies operating on Earth now routinely test new pharmaceutical compounds in space. With the unique microgravity environment on board orbiting laboratories, researchers can learn more than ever about how different solutions and formulations behave, leading to breakthroughs in vaccine development, cancer therapies, and over-the-counter medications.

Groundbreaking Research

The unique microgravity environment on board the ISS enables groundbreaking research in vaccine development and immunotherapy.

Space Medicine

Pharmaceuticals are now developed routinely in space, but even bolder medical advancements have happened thanks to the space station. Using the space station's unique environment, researchers were able to develop the artificial retina.

Future of Food

Even food has a future in space. Astronauts on the space station are exploring new ways to grow everything from hot peppers to romaine lettuce. Not only will this develop techniques critical to humanity's hopeful future in space, such as on the Moon and Mars, but this research can also have a profound impact on making agriculture more sustainable here on our home planet.

A Future of Innovation

Hundreds of science experiments launch regularly to the International Space Station that contribute to an endless cycle of research and innovation in orbit. The ISS lab is also expected to retire within a decade and be replaced by future commercial space stations that will only grow the presence of industry in outer space.

Photo: SpaceX

The Moon

Return to the Moon

NASA is well on its way to returning to the Moon for the first time since the Apollo program and that famous "one small step." The private and public sectors are working together to develop a sustained human presence on the Moon, the next step on humanity's journey to Mars.

New Lunar Lander

In a true partnership between agency and commercial space, NASA recently awarded SpaceX a $2.89 billion contract to build its new lunar lander that will land the next humans on the moon. New York Times

Artemis

With its Artemis program, NASA is swiftly working towards the goal to make this lunar landing happen by 2025 at the earliest. The agency has already tapped private companies to build everything, including the lunar lander that will take history-making astronauts from space down to the moon's surface and Gateway, a lunar-orbiting outpost.

Looking to the Future

This journey back to the Moon is the first since 1972, and NASA knows that its success depends on collaboration with industry partners. The agency also intends to go to the Moon and stay, developing a sustainable long-term presence on the lunar surface.

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This content was created in collaboration with Astra Space, Inc. The views and opinions expressed in this website do not necessarily reflect those of Nasdaq, Inc.
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Safe Harbor Statement

Certain statements made in this press release are “forward-looking statements”. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties, including Astra’s failure to meet the projected launch targets. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from Astra’s expectations or projections including the following factors, among others: projected development and launch targets, including as a result of the decisions of governmental authorities or other third parties not within our control, weather and other suboptimal conditions that may make it difficult to perform a launch attempt; (ii) changes in applicable laws or regulations; (iii) the ability of Astra to meet its financial and strategic goals, due to, among other things, competition; (iv) the ability of Astra to pursue a growth strategy and manage growth profitability; (v) the possibility that Astra may be adversely affected by other economic, business, and/or competitive factors; (vi) the effect of the COVID-19 pandemic on Astra, (vii) the ability to manage its cash outflows during its pre-revenue business operations and (vii) other risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Astra.