The Growth of the Private-Sector Space Industry

Many industries depend on the government to finance infrastructure and research before a true private market can develop. In the case of space, there is still a strong need for public-private collaboration. But as costs drop to reach space, more private-sector companies can enter the market. Matthew Weinzierl is a senior associate dean and professor at Harvard Business School, and Brendan Rosseau is a strategy manager at Blue Origin. They explain the evolving role of the U.S. government to foster innovation and competition as the space economy increasingly privatizes. They also identify the emerging opportunities for businesses and individuals. Weinzierl and Rosseau are authors of the book Space to Grow: Unlocking the Final Economic Frontier.