Commercialization of space

Delta IV Medium launch carrying DSCS III-B6

Magellan GPS receiver in a marine application.

Commercialization of space is the use of equipment sent into or through outer space to provide goods or services of commercial value, either by a corporation or state. Examples of the commercial use of space include satellite navigation systems, satellite television and satellite radio. The first commercial use of outer space was in 1962, when the Telstar 1 satellite was launched to transmit television signals over the Atlantic ocean. By the 1980s individuals belonging to private firms were being launched into space to oversee commercial equipment deployment and operations. This eventually lead to opportunities for individuals to pay to be put into space in the early 2000s, which was the birth of space tourism. By 2004, global investment in all space sectors was estimated to be $50.8 billion. In the decades following the advent of space tourism, many different concepts of the commercialization of space have evolved, from the founding of space tourism companies, such as Virgin Galactic, to ambitious projects such as Mars Colonization, Asteroid Mining and Tourism on Moon.

词汇	Space economy
分类	英语词汇英语翻译词典
释义	Space economy 原声例句当月 CNN 10 学生英语 2019年8月合集 The space economy is in many ways the latest form of the space race. 太空经济在许多方面是太空竞赛的最新形式。经济学人 Business Revenues from the space economy are currently estimated to be nearly $10bn a year, only around 2% of the global total. 据估计，太空经济每年的收入接近 100 亿美元，仅占全球总收入的 2% 左右。当月 CNN 10 学生英语 2019年8月合集 We're simulating aspects of future space missions and at the same time we also have commercial providers that are coming in and becoming part of the space economy. 我们正在模拟未来太空任务的各个方面，与此同时，我们也有商业供应商进入太空，成为太空经济的一部分。英语百科 Commercialization of space Commercialization of space is the use of equipment sent into or through outer space to provide goods or services of commercial value, either by a corporation or state. Examples of the commercial use of space include satellite navigation systems, satellite television and satellite radio. The first commercial use of outer space was in 1962, when the Telstar 1 satellite was launched to transmit television signals over the Atlantic ocean. By the 1980s individuals belonging to private firms were being launched into space to oversee commercial equipment deployment and operations. This eventually lead to opportunities for individuals to pay to be put into space in the early 2000s, which was the birth of space tourism. By 2004, global investment in all space sectors was estimated to be $50.8 billion. In the decades following the advent of space tourism, many different concepts of the commercialization of space have evolved, from the founding of space tourism companies, such as Virgin Galactic, to ambitious projects such as Mars Colonization, Asteroid Mining and Tourism on Moon.
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Space economy

Commercialization of space