Simonetta Di Pippo - Space Economy: The New Frontier for Development

SPACE ECONOMY

According to the OECD definition, the space economy is the full range of activities that create value to human beings through exploring, researching, understanding, managing, and utilizing space. It includes all actors engaged in developing, providing and using space-related products and services: research and development, space infrastructure, space-derived applications, as well as the resulting scientific knowledge. The space economy thus goes far beyond the space sector in the narrow sense to encompass many others: think of agriculture, environmental protection, natural resource management and transportation, to name a few. The space economy is now worth $469 billion globally, with double-digit percentage growth forecast for the coming decades. Most importantly, it will provide opportunities for less developed countries, contributing to the achievement of sustainable development goals.

From these considerations begins the fascinating journey that fills the pages of this book: space exploration and tourism, extra-terrestrial communications, asteroid economics, Made in Space products, but also space debris jamming the traffic of increasingly congested orbits. The future is indeed just around the corner; all we have to do is to equip ourselves with all the necessary knowledge to face it.

Simonetta Di Pippo
astrophysicist, has been Human Spaceflight Director at the European Space Agency, Observation of the Universe Director at the Italian Space Agency, and director of the Vienna-based United Nations Outer Space Affairs Office. She is currently the director of the Space Economy Evolution Lab at SDA Bocconi School of Management. She is an International Academy of Astronautics academic and a member of the World Economic Forum Global Future Council on Space. In 2008, asteroid 21887 Dipippo was named in her honor.

Simonetta Di Pippo

The New Frontier for Development

Cover: Cristina Bernasconi, Milan

Typesetting: Laura Panigara, Cesano Boscone (MI)

Copyright 2023 Bocconi University Press

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First edition: February 2023

To Saverio, my sun