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.