Can space save Earth?
Author: Joel Kotkin and Marshall Toplansky
The U.S. Bureau of Economic Analysis has just announced that it is formally tracking the industry’s growth, which it estimates contributes approximately $200 billion annually to the U.S. economy and already employs 354,000 people. The global space economy could reach $1 trillion by 2040, according to new research from Morgan Stanley. SpaceX is preparing to establish a permanent presence on the moon and launch a crewed mission to Mars, but other players are also driving change. NASA, for instance, is planning new unmanned deep-space exploration. Japan has already stad small-scale efforts to test the feasibility of retrieving metals from asteroids, the first attempt to shift mining away from our fragile planet to the vast and, as far as we know, empty areas in space.These activities are already helping Earth in profound ways. Perhaps the most evident benefit has come in the form of satellite communications. SpaceX, through its Starlink constellation of satellites, beams broadband service to customers around the globe.