The Space Economy Initiative

Supporting healthy, responsible, and sustainable growth of the global space economy.

Update

Session 5 of the Webinar Series  ' International cooperation to grow responsible and sustainable space activities ' will be on August 24, 15:00 CEST. Details will follow. 

Session 4 "Access to Finance" recording, presentations and report will be uploaded soon.

Introducing the Initiative

The global space sector is thriving. Over 65 countries have operated at least one satellite. Political and economic capital being invested in the space environment by governments and commercial entities is at record levels.

With an increasing number of public and private actors involved in the development and provision of space infrastructure and related products and services, the global space economy has been a consistent source of growth, exceeding $400 billion for the first time in 2018.

Space economy has featured regularly in the work of the United Nations Office for Outer Space Affairs (UNOOSA). It is a term to capture the economic benefits of a dynamic space sector and the role space can play in prosperous socio-economic development.

While most space economy activities originate from space-faring countries, emerging space-faring nations do not benefit as much as they could from this area. By leveraging on its experience supporting international cooperation in the peaceful uses of outer space, UNOOSA works to bring the international space community together in support of emerging space-faring nations to take part in the global space economy responsibly and sustainably.

As we look to the future, with many countries considering how to 'build back better', it is clear that healthy, dynamic space economies can play a huge role in accelerating sustainable socio-economic development. 

The Space Economy initiative unpacks this complex topic, breaking down the issue to core elements, providing a road map on how to build a strong space economy that delivers tangible socio-economic benefits. 

Space Economy Webinar Series

A series of webinars focused on the "Space Economy" explores these issues in more detail. Throughout the series, we draw on public and private-sector experts to help us unpack how different countries are strengthening their respective space sectors. Across the series, we focus on the most fundamental elements of a healthy, responsible, and sustainable space economy.

The webinar series provides a platform to share insights from commercial space entities on how to go from the 'start-up' phase to being well-established. Further, we also look at financing space activities, exploring success stories on how mixed public-private funding models are helping space economies thrive. The series touches upon the nexus between government, industry and academia, and how to leverage this nexus to maximise innovation and growth in the space economy.

Finally, we also look at what this all means outside the immediate domestic context and the link between growing space economies at the national level and supporting responsible and sustainable space activities at the international level.

All these considerations are taken in the context of current global developments, including with regards to how space economies can play a key role in responses to COVID-19 and supporting socio-economic development as countries seek to 'build-back-better'.

Next Webinar

Session FIVE: International cooperation to grow responsible and sustainable space activities , 24 August 2020, 15:00-16:00 CEST.

Speakers to be announced shortly.

Past sessions

Session One: Introducing the Space Economy

The first webinar gathered representatives from the UAE Space Agency, GISTDA, Thailand, SDA Bocconi School of Management, Milan, Italy, PricewaterhouseCoopers' Space Practice, Paris, France, Astroscale, Japan and UNOOSA's Space Applications Section. This kick-off event introduced the space economy topic and looked forward to topic-specific follow up webinars.

The Insight Report of the experiences shared during the webinar can be downloaded here.

The Recording of the Kick-Off Webinar is on UNOOSA's YouTube channel here and the Agenda for the session can be found here.  

Slides used by the experts during the kick-off webinar are available for download on the links below :

Session Two: Making the Case for Space

The second session saw experts from Space in Africa, the US Bureau of Economic Analysis (part of the Dept. of Commerce) and Azercosmos join us to share insights on how to build strong foundations and baselines for supporting strong space economies. 

The  agenda for the session, including details about the speakers, can be found  here.

The recording of the session is here. The  Insight Report of the experiences shared during the webinar can be downloaded  here.

Slides used by the experts are below and the session's Insight Report is available for download here

Session Three: How to Scale-Up

The third session saw experts from the European Commission, MzansiSat, Dipteron and the Space4Impact Initiative join us to share insights on how to take space entities from the scale-up to the established phase.

The recording of the session is here and the Insight Report is here.

The  agenda for the session is  here.

Expert speakers, including their presentations:

Webinar Session Schedule  

  • June 15 - Kick-Off Session: Introducing the Space Economy
  • July 6 - Making the Case for Space: Baselines for building support for space economic growth.
  • July 24 - How to scale-up: From start-up to established 
  • August 5 -  Access to Finance: Building a sustainable financial system for space economies.
  • August 24 -  International Cooperation: International normative frameworks in domestic contexts, responsible and sustainable growth.
  • September 9 -  Innovation and Growth: Government, Industry and Academia working together to grow your space economy. 
  • September 23 -  Building Back Better: How a healthy space economy can support post-COVID 19 recoveries.

All scheduled at 15:00 - 16:00 Central European Time

Supporting the Space Economy Initiative

The Space Economy Initiative supports healthy space economies, in both theory and practice. Going forward UNOOSA is compiling a Handbook of insights, success stories and examples of space economy growth in practice. The Handbook will cover the core elements of building a healthy, sustainable and dynamic space economy and will guide UNOOSA's future activities in this area.

The Space Economy Initiative is funded entirely through the generous contributions from our stakeholders. Donor support is crucial to realizing the initiative going forward.

We are fundraising to support the start of UNOOSA advisory services to Member States on space economy matters from 2021. If you're interested in supporting the global growth of responsible, sustainable and dynamic space economies, that accelerate sustainable socio-economic development, then please get in touch.

  • Veronica Cesco, Associate Programme Officer, UNOOSA  veronica.cesco (at) un.org
  • Ian Freeman, Associate Programme Officer, UNOOSA ian.freeman (at) un.org 

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