The near term future for New Space Business is very bright – driven by the plummeting cost of access to space and the demand for all types of applications and data. Morgan Stanley’s recent New Space report estimates the size of the Global Space Industry to be $350 Billion, and returning to a healthy rate of 5% CAGR for the long term. In particular access to Low Earth Orbit (LEO) has spurred scores of ventures, from imaging, to global communications to secure data on orbit – each with a game changing dimension in current architectures. Entropy’s expertise in New Space revolves around the data and new service offerings.
A new dimension from space
Know one thing about New Space: anything in-orbit, in space, is different than a ground or sea based system.
Entropy takes a straightforward approach to assess what is different or better and then show how the dimension a few hundred miles above the earth changes a service offering.
Three main concerns in the near term are here today: data throughput effect on data movement, regulations for new space, and applications that work with the current data tools (built for cloud, not space).
Legacy and new space work together
It is harder than the notional diagrams look.
The industry, built from Arthur C. Clark’s diagram in 1945, flourished 20 years later as geo-stationary satellites changed the face communications. These major satellite operators and the ground system pioneers still hold much of the knowledge needed to kick new space into its next dimension.
Entropy embraces this wisdom and bridges it with new ideas in new space. Although the physics of power and bandwidth remain the same for transmissions, new approaches are being developed that will speed the throughput and processing to create new applications.
Potential and reality
For starters, New Space is a One Trillion dollar potential business.
Winners in this area will be the companies that discover how new space alternatives can both drive and enable global connectivity in a secure environment.
In addition, the inherent nature of imaging and reconnaissance offer true payoff for climate, ocean and weather understanding. Perhaps with greatest impact will be in the military and defense side, who will be looking to new space for reconstitution of assets as well as greater control around the earth with LEO architectures for offense and defensive roles.