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Spirethoughts

Spire's six most recent Spirethoughts.

Will cost-effective compost rejuvenate African agriculture
Will compost turn out to be the magic mineral for African agriculture?
Will emerging countries dominate the pool of global megacities in futu...
Thumbnail_Will the tech sector create new employment opportunities for persons with disabilities
Will the tech sector create new employment opportunities for persons w...
Thumbnail_Spirethoughts_Can permanent research bases for human beings be built on the moon
Will 3D printing enable the construction of permanent facilities on th...
Will Africa become the latest global aviation hot-spot
Will Africa become the latest global aviation hot-spot?
Will air taxis become the latest urban transport innovation_
Will air taxis become the latest urban transport innovation?

Up, up and away?

The commercial space industry is soon emerging as a profitable business, in particular the satellite launch sector. Many nations are scrambling for a share in this lucrative sector that has an estimated value of USD300 billion. Eight countries have already made a head-start into this industry, including the US, Russia, European Union, China, India, Switzerland, Japan and even Brazil.

Asian contenders are taking this business very seriously. China has already overtaken Europe in terms of space travel, and is only third behind Russia and US. It has also overtaken Europe in space research and travel sectors. Meanwhile, India entered a new era of space applications and communications by launching the first of seven satellites. These satellites will constitute an independent, regional satellite navigation system. Singapore is also eager to foray into space technology with a focus on satellites.

Will the satellite launch industry prove to be a sky-high phenomenon?

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