Spatial economy – What it is, definition and concept | 2022

The space economy is the economic branch directed to the investigation and exploitation of space resources.

The current promoted by the interstellar or space economy consists of the approximation of production and research models towards outer space.

Throughout the 20th century, the great space milestones were achieved by powers such as the USA and the USSR. Although it is true, with the passage of time, private technology companies and other countries have also decided to investigate in this field.

The result of this growth has gone hand in hand with the creation and implementation of multiple satellite launch programs.

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Socially, this field has a great diversity of approaches: although it is understood as key in research and technological work, its great cost is commonly criticized.

Space economy salient factors

The special or interstellar economy has a series of characteristic features to take into consideration:

  • Exponential technological evolution. The advancement of telecommunications systems allows to a great extent the increase of economic programs of an interstellar nature.
  • Commitment to R+D+i programs. Large business groups and large multinational organizations are progressively committed to focusing their research work on space.
  • Effect on the planet. Knowing and mastering space allows at the same time access to new tools applicable on earth, especially in environmental and meteorological matters.
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Main fields of work of the space economy

Both public aerospace organizations around the world, as well as large private corporations, address the following areas as objects of investment and exploitation:

  • Location and installation of infrastructures. Within said field is understood the construction of space stations and other locations that allow life and work in said locations.
  • Didactic and research work. The use of new technological tools allows the most advanced exploration and knowledge of space.
  • Playful and tourist aspect. Recently, various companies have begun to promote tourist actions in the form of space walks for the civilian population (undoubtedly from the upper classes and high income).
  • Waste treatment. The sum of the above activities results in the generation of waste and productive remains, which is why it is necessary to treat it in the form of recycling, storage or destruction.

In this sense, the main and notable reason for the interstellar economy is the search for economic benefits and well-being for the human being.

For this reason, so far in the 21st century there are many companies that have directed their funds from CSR work of an environmental and social nature towards research and R&D in space.

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