The Final Frontier: The Commercialization of Space
On this week’s episode of Diving Into Data, we dive into all things related to the economy of flying. In our main topic we cover the booming market of private/commercialized space travel and servicing, especially as it relates to an important launch coming up this weekend, but we wrap up with another Industry Rapidfire segment on the struggling airline industry.
For our main topic this week, TC dives into the growing space industry. We touch on why the joint NASA-SpaceX mission this weekend is such an important milestone for US space travel and dive into the data of this rapidly materializing economy. Would you believe that the space industry could be as big as the automotive industry in the next 30 years?
TC also touches on the upcoming shakeout in the small launch industry and how the COVID-19 outbreak might expedite the consolidation of the companies in that space. Simply put, supply and demand almost never fails and there just isn’t enough demand (at least at the current cost) to match the abundance of supply in this area.
We wrap up our show with another installment of Industry Rapidfire, where TC touches on the current dark days for the airline industry. The post-COVID airline industry is in rough shape, and unfortunately, unlike many other industries that are starting to come back online, things could get even worse…
Sit back, relax, grab a drink, practice social distancing, and let’s dive into some data.