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Book Review: Space is Open for Business by Robert Jacobson
Space is Open for Business by Robert Jacobson is a must-read for all potential “astropreneurs” (entrepreneurs involved the NewSpace economy), space advocates, investors or anyone who wants to keep current on space commerce and its impact on the future of humanity. This book is a refreshingly positive view of our future in space, a welcome alternative outlook in stark contrast to many dystopian and negative predictions of where we’re headed in today’s media.
Jacobson covers all aspects of the nascent space economy which has already begun to grow in leaps and bounds, and is headed for explosive growth in the near future. No stone is left unturned by his deep research of all aspects of space commerce, with scores of interviews of executives from both established and small startup space companies.
I especially liked the Sci-Fi and Society chapter in which Jacobson talks about science fiction “illuminating the possibility of the space frontier”. Much of what is now happening in space was predicted in science fiction in the last century. Many CEOs and executives of NewSpace companies were inspired to pursue careers in science or engineering through science fiction books, televisions shows and movies.
Eventually, humanity will evolve to migrate off Earth and establish space settlements throughout the solar system and eventually among the stars. Development of the technologies and commercial activities for space settlement have the potential to create vast wealth, bring billions of people out of poverty and preserve Earth’s natural environment. Jacobson has provided a hopeful glimpse of how the space businesses supporting this effort will manifest this destiny.
UK to fund study of solar power satellites for wireless power generation from space
The United Kingdom’s Department of Business, Energy and Industrial Strategy (BEIS) is commissioning a study by the engineering consultancy Frazer-Nash on the feasibility of space-based solar power for delivery of clean, emission free energy to the country’s electrical power grid 24 hours a day. The study, announced on the Frazer-Nash website, will provide an impartial assessment for the government of the engineering viability, budget and economic benefits of space-based solar power for the UK. Frazer-Nash will partner with Oxford Economics, a global forecasting and quantitative analysis company.
Some key challenges expected from the investigation include: a realistic analysis of the scale of the engineering undertaking to build a satellite of such magnitude in space; can the economics justify the effort to be competitive with other sources of power generation; and finally, what are the international regulatory implications of radio frequency spectrum allocation?
The Aerospace Corporation calls for a near term investment decision on Space-based Solar Power
Space enthusiasts have been dreaming of the promise of space-based solar power ever since Peter Glaser first conceived of the idea in the 1960s and Gerald K. O’Neill leveraged the concept to popularize space settlements in his ground breaking book The High Frontier. But the costs have been preventatively high for many years and the technology has been stubbornly out of reach. Recent events and scientific advances have begun to change this situation. For example, launch providers are becoming more widely available and costs are coming down. Photovoltaic cell efficiency has dramatically improved since solar power satellites (SPS) were first conceived. On orbit robotic assembly, additive manufacturing and mass production is within reach. Finally, ISRU on the moon could provide access to materials outside the Earth’s gravity well dramatically reducing the cost of materials needed to build SPSs in space.
In a position paper released last month by The Aerospace Corporation’s Center for Space Policy and Strategy, recommendations are made for policy decisions by the U.S. government to make strategic investments in development of this space infrastructure, lest other countries beat us to the punch.
The authors of the paper, James A. Vedda and Karen L. Jones, say that “U.S. decisionmakers will have an opportunity during the next presidential term to establish the role of the United States in this potentially disruptive technology. If SPS can develop into a major component of orbital infrastructure, and someday contribute an additional source of renewable energy to users on Earth, the United States will want to be at the forefront of high-capacity power beaming in all its applications rather than become dependent on others for the technology and services they provide.”
ESA seeks innovative ideas on space solar power
The European Space Agency is soliciting submission of abstracts on ideas for development of space-based solar power that would address some of the technological bottlenecks preventing feasible realization. In a campaign for new ideas under its Open Space Innovation Platform, the Agency is seeking novel proposals for space-based solar power systems for applications on the Earth, Moon or Mars. They also are seeking methods of scaling and integrating space-based solar power into energy grids, in-space construction techniques and early in-space demonstration concepts.
Awards of 90,000€, 100,000€ or 175,000€ are being offered for ideas that would be implemented as co-funded research, system studies or early technology demonstrations, respectively.
A map of the future of space enterprise
The Aerospace Corporation has created a visually stunning chart called “Pathfinders’ Guide to the Space Enterprise” in which they provide a glimpse into the nascent space economy based on hundreds of ideas from over 70 world-class space experts condensed into seven core themes about how the future could unfold. The analysis, which is both deep and thought provoking, identified two critical uncertainties shaping the the future of space development:
1. The degree in which space will be “commercialized.”
How much will space exploration and exploitation be designed to seed the commercial ecosystem?
2. The evolution and potential transformation of global power states.
What space-based leverage points could change the terrestrial power balance?
Their hope is to “…inspire your internal adventurer to think about how space can and will play a role in the future and how we get there.”
The current state of the U.S. space industrial base
The U.S. Space Force, Air Force Research Laboratory and the Defense Innovation Unit just completed a workshop on the state of the U.S. space industry. The virtual event, hosted by New Space New Mexico, brought together more than 120 representatives across the federal government, industry, and academia to access the current health of the America’s space industry and to provide recommendations for strengthening that industrial base. The resulting report called “State of the Space Industrial Base 2020” has just been released this month.
The workshop focused on 6 key areas thought to be the locus of future space industry activities:
- Space policy and finance tools
- Space information services
- Space transportation and logistics to, in and from cislunar space and beyond.
- Human presence in space for exploration, space tourism, space manufacturing and resource extraction
- Power for space systems to enable the full range of emerging space applications
- Space manufacturing and resource extraction
Recommendations included:
- Industry should aggressively pursue partnerships with the US government to develop and operate joint commercial, civil and defense space capabilities. These partnerships should jointly fund developing capabilities that benefit from but are not heavily reliant on US government investment and revenue for their commercial viability.
- Entrepreneurs with innovative and potentially dual-use technologies must improve the protection of their intellectual property from unintended foreign assimilation, including protecting their networks from cyber exfiltration attempts, and avoiding exit strategies that transfer intellectual property to foreign control hostile to US interests.
- Businesses should engage across the US educational system to guide and develop the future STEM workforce to fuel the future space economy, to include funding for undergraduate scholarships/loans for STEM students, internships and providing space professionals to support instruction in space subjects.
- Industry should improve ties and partnerships with domestic and allied parts, subcomponent and subsystem manufacturers to strengthen trust and resilience in space supply chains.
Going up? Space elevators getting ready for prime time
The International Space Elevator Consortium (ISEC) has just published a position paper on the technology readiness of this alternative to launch vehicles subject to the constraints of the rocket equation. Recent advances in material science of single crystal graphene and other alternatives show potential for fabrication of tethers long enough and with the required strength to enable space elevators by the late 2030s. The authors present a case that the demand for launching enough mass to support ESA’s Moon Village, space based solar power and Elon Musk’s vision for Mars colonies far exceeds projected conventional rocket capabilities. Space elevators could fill this need while being better for the environment.
UFO: Investing in the space economy
Procure Space (Ticker symbol UFO) is a little known Exchange Traded Fund (ETF) available to average investors that is the only such vehicle focusing mainly on the space industry. Created by ProcureAM, LLC the ETF trades on the NASDAQ stock exchange. The objective of the fund is to track the S-Network Space Index which is designed to measure the performance of companies engaged in space-related industries. In the future, additional companies engaged in other space-related industries may emerge and be added to the index. These industries could include space colonization and infrastructure, among others.
National Space Society publishes NRL research on opportunities and challenges for Space Solar Power
NSS just posted a link to a recent NRL report outlining the next steps needed to make space solar power a reality. We’ve linked to the report on our Space Solar Power page. The report concludes with six recommendations:
(1) Mature space solar’s functional technologies and develop advanced concepts, particularly for power beaming.
(2) Monitor and maintain parity with foreign developments to avoid technological surprise, and to reduce the chances of being faced with a breakout capability.
(3) Advance robotic in-space assembly and manufacturing technology. Investment in these fields could have spin-off dividends in areas as diverse as astronomy, intelligence, and space industrialization.
(4) Address regulatory hurdles, especially in the area of spectrum identification for power beaming.
(5) Track technological progress regularly in areas such as launcher reuse and satellite mass production.
(6) Strengthen relationships between defense and civilian agencies, as well as international partners.