7 Expert Answers for How Big Business Will Spend Cash in Space
Of all the tons of fuel that drives modern space flight, cash is the most critical. That was the stark reality brought front and center on Wednesday at the first-ever Space Business Forum in New York, where leading rocket scientists, military officers and even hedge-fund managers crunched the numbers to illuminate the future of the space industry. From the European influence on suborbital tourism to why the Air Force doesn’t trust private rockets, and from the increasingly outsourced business model at NASA to a place for that other “green” movement, here’s a news analysis of where the power lies.
Challenges Ahead for New Space Investors
“New startups hoping to make their mark on the space industry still face high entry barriers just to cover their initial costs, investors said Wednesday.
“The high cost and risks associated with new commercial ventures, as well as the bureaucratic government hoops they have to jump through, provide substantial barriers for nascent companies aiming for space, experts said during the 2008 Space Business Forum here presented by the Space Foundation, a non-profit advocacy organization.”