Business risks in space commercialization

The main business risks faced by space industry are:

• a lack of human capital, both in terms of engineering positions and in terms of management positions. How do you attract that talent? How do you prevent them from going to other markets where they can earn more money and social recognition?
• adaptation of business models, to be able to develop business models that convince investors, regulators and potential employees that it makes sense to do things in low-Earth orbit; if there is a viable business model in satellite constellations, then there have been multi-billion dollar investments to date that have achieved absolutely nothing, even launch a single satellite. It is also necessary to assess whether there can be a business model on the Moon or beyond Earth orbit.
• availing more access capacity to space to prevent delays in the availability of launch gaps from negatively influencing the willingness of companies, institutions and other organizations to develop commercial activities in space. That capacity also has to come at an affordable price.
• Coordinateing the space management, time that increase in capacity will mean that there are more and more problems with space debris, which will require an international effort to coordinate and monitor compliance with the agreements in this regard. In fact, our experts point out that it is a disadvantage to comply with space debris protocols – because they are more expensive missions – if others do not do them and no one obliges them and the agreements in this regard, from the beginning of this decade, are not binding.
  

In this speech, our expert Cynthia Bouthot, President of Space Commerce Matters, explains the different phases in space exploration and why companies should go to space and its Business risks: