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European Spacetech on the Rise | The Exploration Company, ISAR Aerospace & HV Capital | Slush 2023
Discover the European Spacetech industry's potential for growth, as ISAR Aerospace, The Exploration Company, and HV Capital share insights on commercializing space technology, overcoming challenges, and creating a European "Space Camelot".
- Space industry is on the rise, with a predicted 50% of broadband coming from space in 10-15 years.
- ISAR Aerospace aims to be a significant player in the European space industry, with a green propulsion system and plans to launch two rockets next year.
- The concept of “space as a service” is emerging, where companies provide satellite-based services to customers.
- Europe has the potential to become a major player in the space industry, but needs to overcome several challenges, including a lack of private funding and limited accessibility to space.
- The US has a strong lead in the space industry, but Europe can still compete by focusing on specific areas, such as Earth observation and telecommunication.
- The European space industry needs to become more commercialized and competitive, with a focus on reuse and refueling of rockets and capsules.
- AI will play a significant role in the development of space technology, particularly in the design and production of engines and satellites.
- The space industry has the potential to disrupt other industries, such as telecommunication, logistics, and agriculture.
- Europe’s space agency should be reformed to become more flexible and open to private funding and participation.
- The idea of a European “Space Camelot” is emerging, where a combination of government and private funding comes together to support the development of space technology.
- In 20 years, space technology could be used to manage the planet, provide global connectivity, and enable sustainable development.