Low-Earth orbit: A launchpad for Europe’s spacetech startups
Big business opportunities are brewing in the cosmos. Morgan Stanley predicts the space economy will grow from €355 billion in 2020 to over €1 trillion by 2030 — and competition for the rewards is fierce. The USA remains a celestial superpower, while China is emerging as a powerful challenger. Europe has historically lagged behind the world leaders — but is now carving out a promising niche. Across the continent, countries are converging around a single segment of the market: small satellites in low-Earth orbit (LEO). The maximum altitude in LEO is about one-third of Earth’s radius. Credit: ESA As the…This story continues at The Next Web
Big business opportunities are brewing in the cosmos. Morgan Stanley predicts the space economy will grow from €355 billion in 2020 to over €1 trillion by 2030 — and competition for the rewards is fierce. The USA remains a celestial superpower, while China is emerging as a powerful challenger. Europe has historically lagged behind the world leaders — but is now carving out a promising niche. Across the continent, countries are converging around a single segment of the market: small satellites in low-Earth orbit (LEO). The maximum altitude in LEO is about one-third of Earth’s radius. Credit: ESA As the…
This story continues at The Next Web