Thomas Frey, Burke Fort and John Metzger at the Night with a Futurist Explores Space 2.0
Monday’s Night with a Futurist provided thoughts on “The Business of Space 2.0” and an overview of the 8th Continent Project designed to support this business. Burke Fort and John Metzger gave the presentation, with Fort opening by walking the audience through the four evolutionary stages of space-related business: Space 1.0, Space 1.5, New Space and Space 2.0.
Space 1.0 is marked by the traditional large aerospace companies who have “government as their only customer,” working to develop the large systems necessary for a space launch. These businesses include names like Raytheon and Boeing and only have true relevance to “astronauts and rocket scientists.” In this environment, companies generally earn revenues through a cost plus system where they charge based on actual costs plus an agreed upon profit margin. Space 1.5 companies, while “nimble compared to Space 1.0 companies,” still work in essentially the same world with government (or another company that will eventually sell to the government) as the singular purchaser. These companies, like MicroSat Systems and Composite Technology Development, focus on making specialized subsystems still targeting the rocket ship market.
Burke Fort and John Metzger speak Space 2.0 and the 8th Continent Project
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