Space economy refers to the set of activities, industries, technologies, services, and resources that generate

economic value In economics, economic value is a measure of the benefit provided by a goods, good or service (economics), service to an Agent (economics), economic agent, and value for money represents an assessment of whether financial or other resources are ...

through the

space exploration Space exploration is the process of utilizing astronomy and space technology to investigate outer space. While the exploration of space is currently carried out mainly by astronomers with telescopes, its physical exploration is conducted bo ...

, understanding, management, and exploitation of outer space. Commercial satellite use began in 1962 with

Telstar 1 Telstar 1 is a defunct communications satellite launched by NASA on July 10, 1962. One of the earliest communications satellites, it was the first satellite to achieve live transmission of broadcast television images between the United States ...

, transmitting TV signals across the

Atlantic Ocean The Atlantic Ocean is the second largest of the world's five borders of the oceans, oceanic divisions, with an area of about . It covers approximately 17% of Earth#Surface, Earth's surface and about 24% of its water surface area. During the ...

Syncom 3 Syncom (for "synchronous communication satellite") started as a 1961 NASA program for active geosynchronous communication satellites, all of which were developed and manufactured by the Space and Communications division of Hughes Aircraft Compa ...

expanded possibilities in 1964, broadcasting the

Olympics The modern Olympic Games (Olympics; ) are the world's preeminent international sporting events. They feature summer and winter sports competitions in which thousands of athletes from around the world participate in a variety of competit ...

NASA The National Aeronautics and Space Administration (NASA ) is an independent agencies of the United States government, independent agency of the federal government of the United States, US federal government responsible for the United States ...

's TIROS satellites advanced

meteorological Meteorology is the scientific study of the Earth's atmosphere and short-term atmospheric phenomena (i.e. weather), with a focus on weather forecasting. It has applications in the military, aviation, energy production, transport, agriculture ...

research, while

Intelsat I Intelsat I (nicknamed Early Bird for the proverb "The early bird catches the worm") was the first commercial communications satellite to be placed in geosynchronous orbit, on April 6, 1965. It was built by the Space and Communications Group of ...

in 1965 showed commercial viability. Later, France's

Arianespace Arianespace SA is a French company founded in March 1980 as the world's first commercial launch service provider. It operates two launch vehicles: Vega C, a Small-lift launch vehicle, small-lift rocket, and Ariane 6, a Medium-lift launch vehicl ...

and USA's

Iridium Communications Iridium Communications Inc. (formerly Iridium Satellite LLC) is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active ...

furthered satellite services. By 2004, global investment in all space sectors was estimated to be US$50.8 billion. As of 2010, 31% of all space launches were commercial. By the year 2035, the space economy is projected to have grown to $1.8 trillion. The commercial spaceflight sector primarily generates revenue by launching satellites into Earth's orbit, facilitated by providers deploying satellites into

Low Earth Orbit A low Earth orbit (LEO) is an geocentric orbit, orbit around Earth with a orbital period, period of 128 minutes or less (making at least 11.25 orbits per day) and an orbital eccentricity, eccentricity less than 0.25. Most of the artificial object ...

and Geostationary Earth Orbit. The

Federal Aviation Administration The Federal Aviation Administration (FAA) is a Federal government of the United States, U.S. federal government agency within the United States Department of Transportation, U.S. Department of Transportation that regulates civil aviation in t ...

(FAA) licenses six U.S.

spaceport A spaceport or cosmodrome is a site for launching or receiving spacecraft, by analogy to a seaport for ships or an airport for aircraft. The word ''spaceport''—and even more so ''cosmodrome''—has traditionally referred to sites capable of ...

s and oversees commercial rocket launches, with global capacity expanding from sites in Russia, France, and China. Investment in

reusable launch vehicle A reusable launch vehicle has parts that can be recovered and reflown, while carrying payloads from the surface to outer space. Rocket stages are the most common launch vehicle parts aimed for reuse. Smaller parts such as fairings, booster ...

s by companies like

SpaceX Space Exploration Technologies Corp., commonly referred to as SpaceX, is an America, American space technology company headquartered at the SpaceX Starbase, Starbase development site in Starbase, Texas. Since its founding in 2002, the compa ...

and

Blue Origin Blue Origin Enterprises, L.P. is an American space technology company headquartered in Kent, Washington. The company operates the suborbital New Shepard rocket and the heavy-lift New Glenn rocket. In addition to producing engines for its own ...

is driving innovation in this sector. In 2022, 74 FAA-licensed commercial space operations were conducted, and this number is expected to double in the near future. Commercial satellite manufacturing encompasses non-military, civilian, governmental, and non-profit satellite production along with ground equipment manufacturing, supporting satellite operations, and transponder leasing providing satellite access. Satellite subscription services offer access to a variety of television channels (such as

DirecTV DirecTV, LLC is an American Multichannel television in the United States, multichannel video programming distributor based in El Segundo, California. Originally launched on June 17, 1994, its primary service is a digital Satellite television, s ...

and

Dish network DISH Network L.L.C., often referred to as DISH, an abbreviation for Digital Sky Highway, is an American provider of satellite television and IPTV services and wholly owned subsidiary of EchoStar Corporation. The company was originally establ ...

), radio stations (like

SiriusXM Sirius XM Holdings Inc. is an American broadcasting corporation headquartered in Midtown Manhattan, New York City, that provides satellite radio and online radio services operating in the United States. The company was formed by the 2008 merge ...

), and other media content through satellite transmission. Satellite imagery provides detailed views of Earth, sold by imaging companies to governments and businesses like

Apple Maps Apple Maps is a web mapping service developed by Apple Inc. As the default map system of iOS, iPadOS, macOS, tvOS, visionOS, and watchOS, it provides directions and estimated times of arrival for driving, walking, cycling, and public trans ...

. Satellite telecommunications enable Internet services globally. Satellite navigation systems use signals from satellites for precise positioning and timing. Space tourism ventures (led by

Virgin Galactic Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited. It is headquartered in California, and opera ...

and

) envision recreational human space travel. Commercial space resource recovery involves extracting materials from asteroids and other celestial bodies for use in space or on Earth. Space commerce regulation has historically faced challenges regarding property rights in space, but legislation like the U.S. Commercial Space Launch Competitiveness Act aims to clarify ownership and encourage commercial space exploration.

History

The first commercial use of satellites may have been the

satellite, launched in 1962, which was the first privately sponsored space launch, funded by

AT&T AT&T Inc., an abbreviation for its predecessor's former name, the American Telephone and Telegraph Company, is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the w ...

and

Bell Telephone Laboratories Nokia Bell Labs, commonly referred to as ''Bell Labs'', is an American industrial research and development company owned by Finnish technology company Nokia. With headquarters located in Murray Hill, New Jersey, Murray Hill, New Jersey, the compa ...

. Telstar 1 was capable of relaying television signals across the

, and was the first satellite to transmit live television,

telephone A telephone, colloquially referred to as a phone, is a telecommunications device that enables two or more users to conduct a conversation when they are too far apart to be easily heard directly. A telephone converts sound, typically and most ...

fax Fax (short for facsimile), sometimes called telecopying or telefax (short for telefacsimile), is the telephonic transmission of scanned printed material (both text and images), normally to a telephone number connected to a printer or other out ...

, and other data signals. Two years later, the

Hughes Aircraft Company The Hughes Aircraft Company was a major American aerospace and defense contractor founded on February 14, 1934 by Howard Hughes in Glendale, California, as a division of the Hughes Tool Company. The company produced the Hughes H-4 Hercules air ...

developed the

satellite, a

geosynchronous A geosynchronous orbit (sometimes abbreviated GSO) is an Earth-centered orbit with an orbital period that matches Earth's rotation on its axis, 23 hours, 56 minutes, and 4 seconds (one sidereal day). The synchronization of rotation and orbital ...

communications satellite A communications satellite is an artificial satellite that relays and amplifies radio telecommunication signals via a Transponder (satellite communications), transponder; it creates a communication channel between a source transmitter and a Rad ...

, leased to the

Department of Defense The United States Department of Defense (DoD, USDOD, or DOD) is an executive department of the U.S. federal government charged with coordinating and supervising the six U.S. armed services: the Army, Navy, Marines, Air Force, Space Force, ...

. Commercial possibilities of satellites were further realized when the Syncom 3, orbiting near the

International Date Line The International Date Line (IDL) is the line extending between the South and North Poles that is the boundary between one calendar day and the next. It passes through the Pacific Ocean, roughly following the 180.0° line of longitude and de ...

, was used to telecast the 1964 Olympic Games from

Tokyo Tokyo, officially the Tokyo Metropolis, is the capital of Japan, capital and List of cities in Japan, most populous city in Japan. With a population of over 14 million in the city proper in 2023, it is List of largest cities, one of the most ...

to the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

. Between 1960 and 1966, the U.S. National Aeronautics and Space Administration (NASA) launched a series of early

weather satellites A weather satellite or meteorological satellite is a type of Earth observation satellite that is primarily used to monitor the weather and climate of the Earth. Satellites are mainly of two types: polar orbiting (covering the entire Earth asyn ...

known as

Television Infrared Observation Satellite Television InfraRed Observation Satellite (TIROS) is a series of early weather satellites launched by the United States, beginning with TIROS-1 in 1960. TIROS was the first satellite that was capable of remote sensing of the Earth, enabling sc ...

s (TIROS). These satellites greatly advanced

meteorology Meteorology is the scientific study of the Earth's atmosphere and short-term atmospheric phenomena (i.e. weather), with a focus on weather forecasting. It has applications in the military, aviation, energy production, transport, agricultur ...

worldwide, as satellite imagery was used for better forecasting, for both public and commercial interests. On April 6, 1965, the

placed the

geosynchronous orbit A geosynchronous orbit (sometimes abbreviated GSO) is an Earth-centered orbit with an orbital period that matches Earth's rotation on its axis, 23 hours, 56 minutes, and 4 seconds (one sidereal day). The synchronization of rotation and orbital ...

over the Atlantic Ocean. Intelsat I was built for the

Communications Satellite Corporation Communications Satellite Corporation (COMSAT) is a global telecommunications company based in the United States. By 2007, it had branches in Brazil, Argentina, Colombia, Mexico, Peru, Venezuela and several other countries in the Americas. Alt ...

(COMSAT), and demonstrated that satellite-based communication was commercially feasible. Intelsat I allowed for near-instantaneous contact between

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

and

North America North America is a continent in the Northern Hemisphere, Northern and Western Hemisphere, Western hemispheres. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South Ameri ...

by handling television, telephone and fax transmissions. Two years later, the

Soviet Union The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 until Dissolution of the Soviet ...

launched the Orbita satellite, which provided television signals across

Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...

, and started the first national

satellite television Satellite television is a service that delivers television programming to viewers by relaying it from a communications satellite orbiting the Earth directly to the viewer's location.ITU Radio Regulations, Section IV. Radio Stations and Systems ...

network. Similarly, the 1972 Anik A satellite, launched by Telesat Canada, allowed the

Canadian Broadcasting Corporation The Canadian Broadcasting Corporation (), branded as CBC/Radio-Canada, is the Canadian Public broadcasting, public broadcaster for both radio and television. It is a Crown corporation that serves as the national public broadcaster, with its E ...

to reach

northern Canada Northern Canada (), colloquially the North or the Territories, is the vast northernmost region of Canada, variously defined by geography and politics. Politically, the term refers to the three Provinces_and_territories_of_Canada#Territories, terr ...

for the first time. In 1980, Europe's

became the world's first commercial launch service provider. Beginning in 1997,

began launching a series of satellites known as the

Iridium satellite constellation The Iridium satellite constellation provides L band voice and data information Pass (spaceflight), coverage to satellite phones, satellite messenger communication devices and integrated transceivers. Iridium Communications owns and operates the ...

, which provided the first satellites for direct satellite telephone service.

Spaceflight

The commercial

spaceflight Spaceflight (or space flight) is an application of astronautics to fly objects, usually spacecraft, into or through outer space, either with or without humans on board. Most spaceflight is uncrewed and conducted mainly with spacecraft such ...

industry derives the bulk of its revenue from the launching of satellites into the Earth's orbit. Commercial launch providers typically place private and government satellites into

low Earth orbit A low Earth orbit (LEO) is an geocentric orbit, orbit around Earth with a orbital period, period of 128 minutes or less (making at least 11.25 orbits per day) and an orbital eccentricity, eccentricity less than 0.25. Most of the artificial object ...

(LEO) and geosynchronous Earth orbit (GEO). The

(FAA) has licensed six commercial

spaceports A spaceport or cosmodrome is a site for launching or receiving spacecraft, by analogy to a seaport for ships or an airport for aircraft. The word ''spaceport''—and even more so ''cosmodrome''—has traditionally referred to sites capable of ...

in the United States:

Wallops Flight Facility Wallops Flight Facility (WFF) is a rocket launch site on Wallops Island on the Eastern Shore of Virginia, United States, just east of the Delmarva Peninsula and approximately north-northeast of Norfolk, VA, Norfolk. The facility is operated ...

, Kodiak Launch Complex, Spaceport Florida,

Kennedy Space Center The John F. Kennedy Space Center (KSC, originally known as the NASA Launch Operations Center), located on Merritt Island, Florida, is one of the NASA, National Aeronautics and Space Administration's (NASA) ten NASA facilities#List of field c ...

Cape Canaveral Space Force Station Cape Canaveral Space Force Station (CCSFS) is an installation of the United States Space Force's Space Launch Delta 45, located on Cape Canaveral in Brevard County, Florida. Headquartered at the nearby Patrick Space Force Base, the sta ...

, and the

Vandenberg Air Force Base Vandenberg may refer to: * Vandenberg (surname), including a list of people with the name * USNS ''General Hoyt S. Vandenberg'' (T-AGM-10), transport ship in the United States Navy, sank as an artificial reef in Key West, Florida * Vandenberg S ...

. Launch sites within

France France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ...

, and

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

have added to the global commercial launch capacity. The

Delta IV Delta IV was a group of five expendable launch systems in the Delta rocket family. It flew 45 missions from 2002 to 2024. Originally designed by Boeing's Defense, Space and Security division for the Evolved Expendable Launch Vehicle (EELV) p ...

Atlas V Atlas V is an expendable launch system and the fifth major version in the Atlas (rocket family), Atlas launch vehicle family. It was developed by Lockheed Martin and has been operated by United Launch Alliance (ULA) since 2006. Primarily used to ...

, and

Falcon Falcons () are birds of prey in the genus ''Falco'', which includes about 40 species. Some small species of falcons with long, narrow wings are called hobbies, and some that hover while hunting are called kestrels. Falcons are widely distrib ...

family of launch vehicles are made available for commercial ventures for the United States, while Russia promotes eight families of vehicles. Between 1996 and 2002, 245 launches were made for commercial ventures while government (non-classified) launches only totaled 167 for the same period. Commercial space flight has spurred investment into the development of an efficient

(RLV) which can place larger payloads into orbit. Several companies such as

and

are currently developing new RLV designs. In the

, the Office of Commercial Space Transportation (generally referred to as FAA/AST or simply AST) is the branch of the

(FAA) that approves any commercial

rocket A rocket (from , and so named for its shape) is a vehicle that uses jet propulsion to accelerate without using any surrounding air. A rocket engine produces thrust by reaction to exhaust expelled at high speed. Rocket engines work entirely ...

launch operations—that is, any launches that are not classified as

model A model is an informative representation of an object, person, or system. The term originally denoted the plans of a building in late 16th-century English, and derived via French and Italian ultimately from Latin , . Models can be divided in ...

, amateur, or "by and for the

government A government is the system or group of people governing an organized community, generally a State (polity), state. In the case of its broad associative definition, government normally consists of legislature, executive (government), execu ...

." In

fiscal year A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. La ...

2022, there were 74 FAA-licensed commercial space operations, which includes both launches and reentries. In 2023, the FAA predicted that commercial launches it licenses could more than double in the next several years.

Satellites and equipment

Satellite manufacturing

Commercial satellite manufacturing is defined by the United States government as satellites manufactured for civilian, government, or

non-profit A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...

use. Not included are satellites constructed for military use, nor for activities associated with any human space flight program. Between the years of 1996 and 2002, satellite manufacturing within the United States experienced an annual growth of 11%. The rest of the world experienced higher growth levels of around 13%.

Ground equipment manufacturing

Operating satellites communicate via receivers and transmitters on Earth. The manufacturing of satellite

ground station A ground station, Earth station, or Earth terminal is a terrestrial radio station designed for extraplanetary telecommunication with spacecraft (constituting part of the ground segment of the spacecraft system), or reception of radio waves fr ...

communication terminals (including

VSAT A very-small-aperture terminal (VSAT) is a two-way satellite ground station with a satellite dish, dish antenna that is smaller than 3.8 meters. The majority of VSAT antennas range from 75 cm to 1.2 m. Bit rates, in most cases, range from 4 ...

s), mobile satellite telephones, and home television receivers are a part of the ground equipment manufacturing sector. This sector grew through the latter half of the 1990s as it manufactured equipment for the satellite services sector. Between 1996 and 2002, this industry saw a 14% annual increase.

Satellite imagery

Satellite imagery Satellite images (also Earth observation imagery, spaceborne photography, or simply satellite photo) are images of Earth collected by imaging satellites operated by governments and businesses around the world. Satellite imaging companies sell im ...

(also Earth observation imagery or spaceborne photography) are

image An image or picture is a visual representation. An image can be Two-dimensional space, two-dimensional, such as a drawing, painting, or photograph, or Three-dimensional space, three-dimensional, such as a carving or sculpture. Images may be di ...

s of

Earth Earth is the third planet from the Sun and the only astronomical object known to Planetary habitability, harbor life. This is enabled by Earth being an ocean world, the only one in the Solar System sustaining liquid surface water. Almost all ...

or other planets collected by imaging satellites operated by governments and businesses around the world. Satellite imaging companies sell images by licensing them to governments and businesses such as

and

Google Maps Google Maps is a web mapping platform and consumer application offered by Google. It offers satellite imagery, aerial photography, street maps, 360° interactive panorama, interactive panoramic views of streets (Google Street View, Street View ...

Satellite telecommunications

In 1994,

debuted

direct broadcast satellite Satellite television is a service that delivers television programming to viewers by relaying it from a communications satellite orbiting the Earth directly to the viewer's location.ITU Radio Regulations, Section IV. Radio Stations and Systems ...

by introducing a signal receiving dish 18 inches in diameter. In 1996, Astro started in

Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...

with the launch of the

MEASAT MEASAT Satellite Systems Sdn. Bhd. (formerly Binariang Satellite Systems Sdn. Bhd.) is a Malaysian communications satellite operator that owns and operates the MEASAT (Malaysia East Asia Satellite) and AFRICASAT spacecraft. The company provides s ...

satellite. In November 1999, the Satellite Home Viewer Improvement Act became law, and local stations were then made available in satellite channel packages, fueling the industry's growth in the years that followed. By the end of 2000, DTH subscriptions totaled over 67 million.

Satellite radio Satellite radio is defined by the International Telecommunication Union (ITU)'s ITU Radio Regulations (RR) as a '' broadcasting-satellite service''. The satellite's signals are broadcast nationwide, across a much wider geographical area than te ...

was pioneered by

XM Satellite Radio XM Satellite Radio Holdings Inc. (XM) was one of the three satellite radio ( SDARS) and online radio services in the United States and Canada, operated by Sirius XM Holdings. It provided pay-for-service radio, analogous to subscription cable ...

and

Sirius Satellite Radio Sirius Satellite Radio was a satellite radio ( SDARS) service that operated in the United States and Canada. Sirius launched in 2002, and primarily competed with XM Satellite Radio, until the two services merged in 2008 to form Sirius XM. Li ...

. XM's first satellite was launched on March 18, 2001 and its second on May 8, 2001.Kevin Bonsor
"How Satellite Radio Works,"

HowStuffWorks HowStuffWorks is an American commercial infotainment website founded by professor and author Marshall Brain, to provide its target audience an insight into the way many things work. The site uses various media to explain complex concepts, term ...

. Accessed May 1, 2013. Its first broadcast occurred on September 25, 2001, nearly four months before Sirius.Steve Parker
"XM plus Sirius = Satellite Radio Monopoly,"
''

Huffington Post ''HuffPost'' (''The Huffington Post'' until 2017, itself often abbreviated as ''HPo'') is an American progressive news website, with localized and international editions. The site offers news, satire, blogs, and original content, and covers ...

'', July 24, 2008. Sirius launched the initial phase of its service in four cities on February 14, 2002, expanding to the rest of the contiguous United States on July 1, 2002. The two companies spent over $3 billion combined to develop satellite radio technology, build and launch the satellites, and for various other business expenses."Satellite Radio Technology,"
spacefoundation.org, 2002. Accessed May 1, 2013.

Satellite internet Satellite Internet access is Internet access provided through communication satellites; if it can sustain high speeds, it is termed satellite broadband. Modern consumer grade satellite Internet service is typically provided to individual use ...

is also an emerging market, as they can be used to transmit and receive Internet services from space to any place in the planet Earth. This enables its use for markets such as

cruise ships Cruise ships are large passenger ships used mainly for vacationing. Unlike ocean liners, which are used for transport, cruise ships typically embark on round-trip voyages to various ports of call, where passengers may go on tours known as " ...

, long-haul buses, flights and rural areas.

Starlink Starlink is a satellite internet constellation operated by Starlink Services, LLC, an international telecommunications provider that is a wholly owned subsidiary of American aerospace company SpaceX, providing coverage to around 130 countries ...

is a notable example of such a service offered by

Transponder leasing

Businesses that operate satellites often lease or sell access to their satellites to data relay and

telecommunication Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...

firms. This service is often referred to as transponder leasing. Between 1996 and 2002, this industry experienced a 15% annual growth. The United States accounts for about 32% of the world's transponder market.

Satellite navigation

A satellite navigation or satnav system is a system that uses

satellite A satellite or an artificial satellite is an object, typically a spacecraft, placed into orbit around a celestial body. They have a variety of uses, including communication relay, weather forecasting, navigation ( GPS), broadcasting, scient ...

s to provide autonomous geo-spatial positioning. It allows small electronic receivers to determine their location (

longitude Longitude (, ) is a geographic coordinate that specifies the east- west position of a point on the surface of the Earth, or another celestial body. It is an angular measurement, usually expressed in degrees and denoted by the Greek lett ...

latitude In geography, latitude is a geographic coordinate system, geographic coordinate that specifies the north-south position of a point on the surface of the Earth or another celestial body. Latitude is given as an angle that ranges from −90° at t ...

, and

altitude Altitude is a distance measurement, usually in the vertical or "up" direction, between a reference datum (geodesy), datum and a point or object. The exact definition and reference datum varies according to the context (e.g., aviation, geometr ...

elevation The elevation of a geographic location (geography), ''location'' is its height above or below a fixed reference point, most commonly a reference geoid, a mathematical model of the Earth's sea level as an equipotential gravitational equipotenti ...

) to high precision (within a few centimeters to metres) using

time signal A time signal is a visible, audible, mechanical, or electronic signal used as a reference to determine the time of day. Church bells or voices announcing hours of prayer gave way to automatically operated chimes on public clocks; however, au ...

s transmitted along a

line of sight The line of sight, also known as visual axis or sightline (also sight line), is an imaginary line between a viewer/ observer/ spectator's eye(s) and a subject of interest, or their relative direction. The subject may be any definable object taken ...

radio Radio is the technology of communicating using radio waves. Radio waves are electromagnetic waves of frequency between 3 hertz (Hz) and 300 gigahertz (GHz). They are generated by an electronic device called a transmitter connec ...

from satellites. The system can be used for providing position, navigation or for tracking the position of something fitted with a receiver (satellite tracking). The signals also allow the electronic receiver to calculate the current local time to high precision, which allows time synchronization. These uses are collectively known as Positioning, Navigation and Timing (PNT). Satnav systems operate independently of any telephonic or internet reception, though these technologies can enhance the usefulness of the positioning information generated.

Space tourism

Space tourism is human space travel for recreational purposes. There are several different types of space tourism, including orbital, suborbital and lunar space tourism. Work also continues towards developing suborbital space tourism vehicles. This is being done by aerospace companies like

and

Commercial recovery of space resources

Commercial recovery of space resources is the exploitation of raw materials from

asteroid An asteroid is a minor planet—an object larger than a meteoroid that is neither a planet nor an identified comet—that orbits within the Solar System#Inner Solar System, inner Solar System or is co-orbital with Jupiter (Trojan asteroids). As ...

s, comets and other space objects, including

near-Earth object A near-Earth object (NEO) is any small Solar System body orbiting the Sun whose closest approach to the Sun ( perihelion) is less than 1.3 times the Earth–Sun distance (astronomical unit, AU). This definition applies to the object's orbit a ...

s. Minerals and volatiles could be mined then used in space for in-situ utilization (e.g., construction materials and rocket propellant) or taken back to

. These include

gold Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...

iridium Iridium is a chemical element; it has the symbol Ir and atomic number 77. This very hard, brittle, silvery-white transition metal of the platinum group, is considered the second-densest naturally occurring metal (after osmium) with a density ...

silver Silver is a chemical element; it has Symbol (chemistry), symbol Ag () and atomic number 47. A soft, whitish-gray, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. ...

osmium Osmium () is a chemical element; it has Symbol (chemistry), symbol Os and atomic number 76. It is a hard, brittle, bluish-white transition metal in the platinum group that is found as a Abundance of elements in Earth's crust, trace element in a ...

palladium Palladium is a chemical element; it has symbol Pd and atomic number 46. It is a rare and lustrous silvery-white metal discovered in 1802 by the English chemist William Hyde Wollaston. He named it after the asteroid Pallas (formally 2 Pallas), ...

platinum Platinum is a chemical element; it has Symbol (chemistry), symbol Pt and atomic number 78. It is a density, dense, malleable, ductility, ductile, highly unreactive, precious metal, precious, silverish-white transition metal. Its name origina ...

rhenium Rhenium is a chemical element; it has symbol Re and atomic number 75. It is a silvery-gray, heavy, third-row transition metal in group 7 of the periodic table. With an estimated average concentration of 1 part per billion (ppb), rhenium is one ...

rhodium Rhodium is a chemical element; it has symbol Rh and atomic number 45. It is a very rare, silvery-white, hard, corrosion-resistant transition metal. It is a noble metal and a member of the platinum group. It has only one naturally occurring isot ...

ruthenium Ruthenium is a chemical element; it has symbol Ru and atomic number 44. It is a rare transition metal belonging to the platinum group of the periodic table. Like the other metals of the platinum group, ruthenium is unreactive to most chem ...

and

tungsten Tungsten (also called wolfram) is a chemical element; it has symbol W and atomic number 74. It is a metal found naturally on Earth almost exclusively in compounds with other elements. It was identified as a distinct element in 1781 and first ...

for transport back to Earth;

iron Iron is a chemical element; it has symbol Fe () and atomic number 26. It is a metal that belongs to the first transition series and group 8 of the periodic table. It is, by mass, the most common element on Earth, forming much of Earth's o ...

cobalt Cobalt is a chemical element; it has Symbol (chemistry), symbol Co and atomic number 27. As with nickel, cobalt is found in the Earth's crust only in a chemically combined form, save for small deposits found in alloys of natural meteoric iron. ...

manganese Manganese is a chemical element; it has Symbol (chemistry), symbol Mn and atomic number 25. It is a hard, brittle, silvery metal, often found in minerals in combination with iron. Manganese was first isolated in the 1770s. It is a transition m ...

molybdenum Molybdenum is a chemical element; it has Symbol (chemistry), symbol Mo (from Neo-Latin ''molybdaenum'') and atomic number 42. The name derived from Ancient Greek ', meaning lead, since its ores were confused with lead ores. Molybdenum minerals hav ...

nickel Nickel is a chemical element; it has symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive, but large pieces are slo ...

aluminium Aluminium (or aluminum in North American English) is a chemical element; it has chemical symbol, symbol Al and atomic number 13. It has a density lower than that of other common metals, about one-third that of steel. Aluminium has ...

, and

titanium Titanium is a chemical element; it has symbol Ti and atomic number 22. Found in nature only as an oxide, it can be reduced to produce a lustrous transition metal with a silver color, low density, and high strength, resistant to corrosion in ...

for construction; water and oxygen to sustain astronauts; as well as hydrogen, ammonia, and oxygen for use as rocket propellant. There are several commercial enterprises working in this field, including ispace Inc. and Moon Express. The first in-space transaction of resources is contracted by NASA to four companies to sell NASA collected lunar regolith on the Moon.

Regulation

Beyond the many technological factors that could make space commercialization more widespread, it has been suggested that the lack of

private property Private property is a legal designation for the ownership of property by non-governmental Capacity (law), legal entities. Private property is distinguishable from public property, which is owned by a state entity, and from Collective ownership ...

, the difficulty or inability of individuals in establishing

property rights The right to property, or the right to own property (cf. ownership), is often classified as a human right for natural persons regarding their Possession (law), possessions. A general recognition of a right to private property is found more rarely ...

in space, has been an impediment to the development of space for both human habitation and commercial development. Since the advent of

space technology Space technology is technology for use in outer space. Space technology includes space vehicles such as spacecraft, satellites, space stations and orbital spaceflight, orbital launch vehicles; :Spacecraft communication, deep-space communication; :S ...

in the latter half of the twentieth century, the ownership of property in space has been murky, with strong arguments both for and against. In particular, the making of national

territorial claims A land claim is "the pursuit of recognized territorial ownership by a group or individual". The phrase is usually only used with respect to disputed or unresolved land claims. Some types of land claims include aboriginal land claims, Antarctic l ...

in outer space and on

celestial bodies An astronomical object, celestial object, stellar object or heavenly body is a naturally occurring physical entity, association, or structure that exists within the observable universe. In astronomy, the terms ''object'' and ''body'' are of ...

has been specifically proscribed by the

Outer Space Treaty The Outer Space Treaty, formally the Treaty on Principles Governing the Activities of States in the Exploration and Use of Outer Space, including the Moon and Other Celestial Bodies, is a Multilateralism, multilateral treaty that forms the bas ...

, which had been, , ratified by all spacefaring nations. On November 25, 2015, President Obama signed the U.S. Commercial Space Launch Competitiveness Act (H.R. 2262) into law. The law recognizes the right of U.S. citizens to own space resources they obtain and encourages the commercial exploration and utilization of resources from asteroids. According to the law unde
51 U.S.C. § 51303

References

*Futron Corporation (2001)
Trends in Space Commerce
. Retrieved January 24, 2006

External links

Ethical Issues

Office of Space Commercialization

Property Rights

Government Policy

Mir Space Station Privatization
{{Use American English, date=January 2014 Satellite broadcasting Space industry 1962 introductions Space-based economy

History

Spaceflight

Satellites and equipment

Satellite manufacturing

Ground equipment manufacturing

Satellite imagery

Satellite telecommunications

Transponder leasing

Satellite navigation

Space tourism

Commercial recovery of space resources

Regulation

See also

References

External links