Night with a Futurist Explores Space 2.0
Rocky Radar
Monday’s Night with a Futurist provided thoughts on “The Business of Space 2.0” and an overview of the 8th Continent Project designed to support this business. Burke Fort and John Metzger gave the presentation, with Fort opening by walking the audience through the four evolutionary stages of space-related business: Space 1.0, Space 1.5, New Space and Space 2.0.
Space 1.0 is marked by the traditional large aerospace companies who have “government as their only customer,” working to develop the large systems necessary for a space launch….
New Space is marked by some attempts to bring space to consumers, albeit it relatively wealthy ones. Generally, these ventures are financed by very rich investors, with the best known being Sir Richard Branson’s Virgin Galactic which plans to offer sub-orbital space flights to consumers….
The distinguishing feature of Space 2.0 compared to earlier phases is that “space is a means” rather than an end. Space 2.0 companies use technologies originally developed for space or in space to provide real value to customers on earth. Examples are far reaching and include companies using satellite technology to provide location-based services, like recent Colorado transplant flaik, which outfits ski school customers with GPS tracking devices. Other examples include iShoe, which offers insoles to diagnose poor balance in the elderly based on technology originally designed for returning astronauts. And then there is Lumedyne Technologies, which applies advanced accelerometers – essential components in steering space shuttles – to other applications such as oil exploration.
Read the full story.
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