5 Reasons Why the Space Industry Is So Compelling

Photo by NASA on Unsplash

It captures the imagination and feeds the human desire to explore.

Ancient civilizations wondered and theorized about the universe thousands of years ago, and that same curiosity and desire to explore remains as strong as ever to this day. As the NASA website accurately states: “Curiosity and exploration are vital to the human spirit.”

It develops numerous technologies that enhance life on Earth.

The space industry has been responsible for a wide range of inventions and major scientific and technological breakthroughs that have improved life on Earth. The most obvious are those based on satellite technology, including GPS, weather forecasting, and satellite communication. However, the space industry has also invented things like baby formula, artificial limbs, memory foam, freeze-dried foods, and wireless headsets.

It provides the chance to mine for resources and precious metals one day.

As resources on Earth rapidly dwindle, humans are looking to outer space — in particular, asteroids — where precious metals such as silver, gold, and platinum exist in abundance and could be mined and transported back to Earth.

It is making space travel possible for private citizens.

If there was any doubt we are living in the future, then space tourism should convince you otherwise. Space has long been reserved for scientists and astronauts, but the industry has been making great strides toward building vehicles that can take the average person up into orbit.

Photo by NASA on Unsplash

It is no longer limited to government programs.

As mentioned previously, the space industry has grown increasingly compelling in recent years due to the growing presence and influence of private companies.

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Dylan Taylor

Dylan Taylor

Dylan Taylor is a global business leader and philanthropist. He is an active pioneer in the space exploration industry