The World Economic Forum’s latest report into the space economy reveals a $1.8 trillion opportunity for global economic growth by 2035. The report, published in partnership with McKinsey & Company, shows the space industry is growing at an average of 9% every year – outstripping growth in global GDP. The space economy is growing at 9% per ...
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Here are five ways space tech can help improve life on Earth. Benefits of space technologies for the SDGs. Image: UN. 1. Frontier technologies to tackle climate change. The arrival of frontier technologies such as Space 2.0 systems – along with other innovations including artificial intelligence (AI), 5G, the Internet of Things (IoT) and ...
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Stephane Germain, CEO, GHGSat. “What GHGSat does in space improves the quality of life on Earth. But what we collectively do in space will determine whether we can sustainably provide such services from orbit. “There is already 6,300 tonnes of debris in near-earth orbit, and by 2030 there could be 60,000 satellites flying in this zone. The ...
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What is a ‘third space’ venue - and could it be the future of hybrid working? Third spaces — such as bars, cafés and tree-lined squares — “host the regular, voluntary, informal and happily anticipated gatherings of individuals beyond the realms of home and work”, according to American sociologist Ray Oldenburg.
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The space economy is booming. The term “space economy” covers the “goods and services produced in space for use in space, such as mining the moon or asteroids for material”, according to the Harvard Business Review. The OECD defines it as any activity that involves “exploring, researching, understanding, managing, and utilizing space”.
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That number almost exceeds the combined total of the rest of the top ten. China follows with 280, and Russia is third with 147. Surprisingly, Luxembourg operates more active satellites than large European countries like Germany, Spain and Italy. The principality recently launched the Luxembourg Space Agency (LSA), which uses the launch ...
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2020 – The year by which China is planning to launch a rover to Mars. In December 2013, the country landed Chang’e 3 and its rover, Yutu, on the moon. It was the third country to perform a soft landing on the moon's surface. 2022 – By 2022, China plans to have a fully operational space station.
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The report – Space: The $1.8 Trillion Opportunity for Global Economic Growth – developed in partnership with McKinsey & Company, finds that in an increasingly connected and mobile world, the space economy’s impact will expand far beyond space itself, becoming more about connecting people and goods. While space activities, such as space ...
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Space. Satellites are a vital part of our infrastructure, helping us to use GPS, access the internet and support studies of the Earth. Out of the 2,666 operational satellites circling the globe in April 2020, 1,007 were for communication services. 446 are used for observing the Earth and 97 for navigation/ GPS purposes.
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The idea of a ‘third space’ was devised by American sociologist Ray Oldenburg in his 1991 book The Great Good Place. Unlike the traditional home and work environments – the first and second spaces, as Oldenburg described them – third spaces such as bars, cafés and tree-lined squares “host the regular, voluntary, informal and happily anticipated gatherings of individuals beyond the ...
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