The world is entering a new era of innovation in the space sector, which is fundamentally changing the landscape of the space industry beyond large government-funded programmes. From tourism to mining asteroids, space entrepreneurialism is growing rapidly. Space technologies and services are also empowering civil society organizations, which are using satellite imaging capability that was once the preserve of intelligence agencies to defend human rights, prosecute war criminals and protect natural sites.
The advent of low-cost equipment, such as miniature satellites, opens the doors to a new set of players such as new government entrants, start-ups, entrepreneurial individuals, scientists and venture capitalists. They are developing solutions which can be used to address some of the world’s most pressing problems, including monitoring climate change and delivering connectivity and education services to remote areas.
The recent commoditization of space is triggering a new set of challenges, namely around its governance. Space is no longer the playground for a small number of large nations. The advent of new stakeholders, from individual nation states to commercial organizations, and the resulting redefinition of the space domain require that existing governance models are reviewed and adapted and new rules are considered.
The Global Agenda Council on Space will aim to enhance initiatives targeted at addressing some of the most pressing global issues and dedicated to improving the state of the world by integration of space technology, innovation and services and governance, and provide recommendations for the sustainability of space.
Council Manager: Nikolai Khlystov, Community Lead, Strategic Partnership, Global Leadership Fellow, Nikolai.Khlystov@weforum.org
Forum Lead: Bruce Weinelt, Head of Digital Transformation, Bruce.Weinelt@weforum.org