This short analytical piece sheds light on recent development in the space industry regarding the growing interest of private actors as well as high susceptibility to market demands and challenges. The ongoing pandemics increases huge demands on the space industry and even seemingly credible service providers have to deal with unexpected problems and had to shut down launching pads, even facing bankruptcy on short notice. Finally, as every crisis, the COVID-19 pandemic provides not only risks but also chances for any industry and political activities. Examples could be found in the US, with a new executive order from the White House on space exploration as well as in China, whose companies would be the first to benefit from a reshuffling in the space market.
KBN Analysis no. 5 (57) / 2020
2 April 2020
This short analytical piece sheds light on recent development in the space industry regarding the growing interest of private actors as well as high susceptibility to market demands and challenges. The ongoing pandemics increases huge demands on the space industry and even seemingly credible service providers have to deal with unexpected problems and had to shut down launching pads, even facing bankruptcy on short notice. Finally, as every crisis, the COVID-19 pandemic provides not only risks but also chances for any industry and political activities. Examples could be found in the US, with a new executive order from the White House on space exploration as well as in China, whose companies would be the first to benefit from a reshuffling in the space market.
Photo credit Arianespace,
https://www.arianespace.com/wp-content/uploads/2012/09/V209_Dec_planLarge-300x212.jpg
