Exciting facts about Space Industry

Space industry since humankind could throw their heads back and gaze up at the Stars they've been yearning to travel and harness the power of space today with innovations and technology and an unfailing drive to conquer new frontiers we've succeeded beyond our wildest dreams.

1. When you talk about the space industry know who the big 4 ARE

It's no surprise the fastest-growing technology in the space industry is the satellite industry, after all, we rely on them for pretty much all of our communications and entertainment needs 77% of all satellite revenue is television based alone the big four refers to the big four companies that are sitting on top of the billion-dollar satellite industry they are SES by far one of the most successful with revenues reported at $1.76 billion Intelsat coming in and second with a reported $538 million with Eutelsat and Telesat coming in third and fourth but exactly does it cost to send one satellite up into space estimates range between 50 million and 500 million dollars why such a big discrepancy because getting launched into space is different than getting into orbit SpaceX is a ruling orbiting market right now charging that amount between 50 and $500 million.

2. Mining asteroids might be the new natural resource for raw minerals

On October 4, 2018, Japan successfully landed a little robotics Scout on Ryugu from Hayabusa to probe to collect samples of the asteroid China had also released plans to capture an asteroid and bring it back to earth to exploit it for natural resources it's no secret that Earth's natural resources are thinning at a fast pace and asteroid mining might just make up the deficit for things like gold silver and many other heavy metals for transport back to earth the cost of the Hayabusa to the mission was around $260 million and it will not return to Earth with its samples until 2020 but if the resources found can make up for the cost which financial experts agree are on par with traditional mining on earth we may be closer than we think. 

3. Space tourism is happening

 

Companies like Blue Origin founded by Amazon creator Jeff Bezos and Virgin Galactic have one goal in mind getting humans to space both companies have had multiple successful rocket launches and are looking to make space travel a part of a new breed of tourism behind you one ticket would cost somewhere between 200,000 and 300,000 dollars for a two-hour ride remarkably though 650 people have already signed up with a Virgin Galactic for those tickets the Blue Origin rocket known as the new Shepherd can accommodate 6 people in comfy reclining seats and even has a capsule at the tip for spectacular views Virgin Galactic was scheduled to start giving rides at the end of 2018 but it looks like Blue Origin might be beating them in the race to space tourism.

4. Additive manufacturing is disrupting the space industry

3d printing for the space industry is booming with $1 billion in sales a year of 3d equipment and software NASA has its own 3d printer in the space station affording them the ability to print replacement parts and pieces using heavy-duty polymer rather than metal and the most exciting thing about 3d printing Colonization launching people into space is hard enough but getting whole infrastructures up there is next to impossible cue the 3d printing industry it'll be the only way for us to create the living space as we need if we are seriously going to explore the possibility of hotels and even permanent living quarters off of Earth.

5. The United States and China are winning the space race

The United States remains at the forefront of the race to dominate space primarily because of the combined interest of commercial and government efforts China is next preferring to concentrate on space exploration as a central force in military power actually doubling its military budget within the last decade for space exploration experts agree that by 2025 China will have launched a successful space mission and Russia is a solid third-place contender in the space domination game recently announcing the creation of a hypersonic glide missile which would be as the Russians put it invincible when it comes to games of war.

6. Small satellites bring big bucks

 

The Indian Space Research Organization or ISRO and Planet a private American company launched 104 satellites into orbit from a single rocket each weighing just five kilograms making it the owner of the largest fleet in orbit 197 total, as a result, the national geospatial-intelligence agency awarded them a $20 million contract to obtain imagery of earth's landmass every 15 days small satellites also known as small sets the hottest a new product being produced in record numbers around the planet, however, this technology is not just for taking pretty pictures of the earth it looks like it's also the latest boom in the military industry as satellite capability pairs nicely with missiles.

7. The estimated cost of building a rocket is between 500 million and $1.6 billion

 

It costs over a billion dollars to build a rocket estimates are on the $1.6 billion range and close to $60 million every time that rocket is launched with such an expensive time-consuming and risky endeavor why are the most powerful companies in the world obsessed with building in space as citizens we might like to believe it's for colonization but the truth is space militarization is on the horizon Vladimir Putin has already boasted about a super rocket capable of carrying missiles that can be launched into space undetected and America and China are quickly trying to catch up with these defense systems while there may never be a space war hopefully at least much like the Cold War there's going to be a lot of building and innovating to see just how far we can go innovation in the rocket industry is happening incredibly quickly with the rise of reusable rockets SpaceX has managed to bring down the cost per rocket to under 100 million dollars which is at least a 5-time improvement inefficiency. 

8. Billionaires Elon Musk, Jeff Bezos, and Richard Branson are the big players building rockets

The competition between SpaceX and Blue Origin has been making news so the question is why are these billionaires so eager to get to space successfully well they might plead the case they are planning to colonize Mars to save humanity it's more likely that these two shrewd businessmen know that satellites are where it's at as far as making a profit right now if they are successful they'll be competing against each other not just for the business of private companies seeking to launch satellites into space but defense contractors as well after all if they launch a rocket cheaper than NASA America and other countries will simply contract out their space defense work taking the strain of government-run space projects off the taxpayer but keep in mind back in 2016 one of Elon Musk's 62 million-dollar rockets exploded while carrying Mark Zuckerberg 150 million dollar satellite you know just your average billionaire problem.

9. Space can change your DNA

NASA conducted a twins study with Mark and Scott Kelly Scott spent a year in space while Mark stayed on earth as a control subject scientists have been tracking the twins since Scott's return and have released their findings 93% of Scott's genes returned to normal after landing meaning 7% did not these are possible changes in the genes of his immune system such as DNA repair bone formation and other immune-related DNA that has permanently changed due to being in space for a year something scientists will have to study more if we are indeed going to colonize space but I guess one thing's for certain empowering any catastrophic event wiping out humankind will colonize the universe in time. 

10. Astronauts will soon have a floating robotic head following their every move

Is a crew interactive mobile companion also known as a seaman is due to launch to the ISS to become a learning companion for astronauts they're created through a partnership between IBM the German Aerospace Center or DLR and the European space agency seaman is trained to interact with astronauts at the space station helping with repairs and responding to commands it will have a responsive face on its little screen and act as a floating brain costing just under $6 million to build and a little less than two years to create seaman could be the way of the future for space technology?

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