Codex hosted A New Space Economy event at the Institute of Physics, London, United Kingdom on the 7th of Oct 2024
The panel discussion covered:
The latest advancements in lunar and Martian exploration;
The impact of private companies like Blue Origin, SpaceX and others on space exploration;
Role of AI and Robotics on current and future space missions;
Benefits of manufacturing in space;
Satellite technology and its impact on Earth;
Space-based solar power and how it could revolutionise energy on Earth;
Space debris and its growing threat;
Geopolitical implications of the new space economy.
The following are some of the takeaways from the panel discussion.
18000 satellites have been launched so far and half of them have been launched since 2020
Ability to Reliablly see within a 50 cms area with the help of satellite
Low gravity helps develop injections which can be injected at home under the skin without the need to go to hospitals when injections are used in Veins.
Data about Earth can be collected with help from satellites….
Fee hundreds of companies in the UK already have space-related services….
The cost of launching a satellite has come down drastically earlier $15000 per kg but now Space X charging around $5000 per kg
The cost of launch has come down but not the cost of return/bringing them down…
In space infrastructure, you don’t have to do end to end… You can do one part and other parts can be used by others…
Some concerns which were discussed during the Q&A session:
People hacking satellites…
A country may attack a satellite…
How UK space agencies help UK-based startups…
Space is getting congested and manoeuvring is needed daily…
International collaboration is needed to resolve space-related issues…
Geo-political issues only going to get complex…
About Codex:
Founded in London in 2005, Codex events have captured the imagination of sophisticated audiences for over 17 years, hosting some of the biggest names in business, science, technology, politics, media and academia. The World’s Top 50 Innovators series is Codex’s flagship event.