When humans first set their sights on the stars, space exploration was dominated by superpowers, national pride, and the race to outdo rival nations. After all, the Apollo Moon landings were carried out as more of a statement of Cold War superiority than a business venture.
But in recent decades, a shift has occurred — a shift that has slowly seen the reins of space exploration handed from government agencies to commercial enterprises. The commercialization of space is no longer a futuristic dream; it's happening now. But why? What kickstarted this transition from state-controlled missions to entrepreneurial ventures?
The answer lies in a convergence of technological advancements, economic incentives, and visionary leadership.
Technology Makes Space Exploration More Affordable
The commercialization of space was, in part, made possible by giant leaps in technology. During the 20th century, space exploration required vast resources and capital, limiting the players to nation-states with deep pockets.
