Future of humanity: New era space economy

Abstract

The study aims to reveal the possible economic, social, and technological consequences of these activities and make projections and evaluations regarding the space economy for the future of humanity. It also aims to create a futuristic perspective on what space could bring to humanity, which has been a subject of great curiosity. Within this study, space and space economy will also be evaluated in terms of addressing the problems that may arise from the depletion of natural resources on Earth in the future. The study examines the space activities of both the public sector and private enterprises in various countries using numerical data. For example, the budget of the (NASA) of the United States alone reached $57.69 billion in 2022, more than two and a half times the amount in 2009. It is estimated that the size of the global space economy will reach approximately $641.2 billion by 2030. As activities related to all components of the space economy continue to increase through public and private initiatives, the dream of a future in space for humanity is closer than ever before. © 2024, IGI Global. All rights reserved.