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| • | Hot springs and rocket launches. One Japanese region known for its natural hot springs is working to establish itself as an Asian spaceport. A US rocket manufacturer chose the area’s airport, which is being revamped to accommodate rocket launches, for its first satellite launch from Asia, and a US start-up has announced plans to land its crewless space plane there in 2026. Dozens of proposed spaceports across Asia are hoping for space business and the potential of additional revenue from new investments, space tourists, and space talent. [FT] | | | | • | Fly them to the moon. The global space tourism market is soaring, with offerings including helium balloon trips up to 100,000 feet, astronaut boot camps, and zero-gravity flight simulations. But while the space travel market could be worth an estimated $3 billion by 2030, the first space hotels have yet to be built (although plans exist). And for most would-be space travelers, the prices remain out of this world. [NYT] | | | | • | More space. The US has the most space activity and the most space funding in the world; the American civil-space budget is about twice that of the next closest nation and represents more than 40% of the global total. But other countries are getting into the space game: around 70—most recently, Costa Rica, the Philippines, and Rwanda—have established national space agencies to date. New regional agencies include the Latin American and Caribbean Space Agency and the Asia–Pacific Space Cooperation Organization. | | | | • | Globally galactic. More national and private agencies are sure to come, which means that the potential for increased space activity is extremely high and will require greater international collaboration. Current challenges—including the growing amount of space debris—will intensify, and new ones will surface. McKinsey has compiled a high-level overview of the global space landscape, including an interactive map detailing countries’ space activity, budgets, and number of space start-ups and active satellites. | | | | — Edited by Justine Jablonska | | This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. | | You received this email because you subscribed to the On Point newsletter. | | | | Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007 | | | |
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