The rise of the space economy

Shoot for the moon

Planets made out of money
Space provides new opportunity for economic endeavors
(Image credit: John Lund / Getty Images)

Space holds a myriad of business opportunities, and they are likely to become a bigger part of the global economy in the very near future. For the first time, the space race is not only limited to governments, as varied industries — from digital communication to space colonization — are looking to the cosmos for expansion. Of course, with a new frontier comes the risk of repeating past mistakes.

What is the space economy?

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Devika Rao, The Week US

 Devika Rao has worked as a staff writer at The Week since 2022, covering science, the environment, climate and business. She previously worked as a policy associate for a nonprofit organization advocating for environmental action from a business perspective.