This chapter explores the potential benefits of extending the world’s economic sphere from Earth deeper into space. The sustainability of exploration and the further development of the space economy are dependent on the creation of commercial markets based on the utilization of space resources. This chapter first describes the fundamental value chain for space resources and its potential for creating new added value in the future. It then explores how the rich history and experience of using resources on Earth can help the birth of a new space resources industry, with examples of innovative commercial space companies that are laying the foundation for a strong future industrial sector in space. The chapter concludes with a review of the important role of governments in nurturing the new space resources industry by describing the work being conducted in LuxembourgLuxembourg to build a sustainable space ecosystem and progress towards the long-term vision of a thriving space resources industry.


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    Title :

    The Economics of Space Resources: Future Markets and Value Chains


    Contributors:

    Published in:

    Handbook of Space Resources ; Chapter : 31 ; 1023-1051


    Publication date :

    2023-04-28


    Size :

    29 pages




    Type of media :

    Article/Chapter (Book)


    Type of material :

    Electronic Resource


    Language :

    English






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