Celestial Entrepreneurs: Crafting Business Models Beyond Earth’s Atmosphere

Lukas Vartiak (), Garyfallos Fragidis (), Papafloratos Traintafyllos () and Subhankar Das ()
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Lukas Vartiak: Comenius University in Bratislava, Faculty of Social and Economic Sciences
Garyfallos Fragidis: International Hellenic University
Papafloratos Traintafyllos: International Hellenic University
Subhankar Das: Duy Tan University

A chapter in Pioneering the New Space Economy through AI and Immersive Technologies, 2025, pp 31-50 from Springer

Abstract: Abstract This chapter gives us a take on space commercialization and how private enterprises are creating new economic models to represent off-Earth resources. From asteroid mining and space tourism to orbital manufacturing, the chapter explores the cartography of economic, ethical, and technological challenges of operating in space. It offers a mosaic of views from scientists, ethicists, policymakers, and business leaders, underscoring the friction between innovation and responsibility. Moreover, that exploration is framed through generational, professional, and futuristic-sustainable lenses. Whereas younger generations view space as a “clean slate” to be innovated sustainably, older cohorts warn against the overconfidence of believing that technology alone can fix Earth’s challenges. The chapter also explores the legal and ethical quandaries of who owns space resources, offering the corporate vision of private ownership and calling for collective stewardship. Although technological advancements are mainly driving the space economy, to a greater extent, with reusable rockets and autonomous mining systems far beyond the planet, some say space debris will concern the industry moving forward, along with environmental sustainability. Space is an opportunity but also a challenge, and the question of how to work together and eat up international cooperation and regulatory frameworks is challenging. We sense that the order will determine if a sustainable and equitable borderless outer space economy can be achieved. Overall, the future of solar companies is as unpredictable as it is promising, requiring a balance of outside-the-box thinking within professional boundaries.

Keywords: Space commercialization; Celestial entrepreneurship; Space ethics; Technological innovation; International collaboration; Sustainability (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/978-981-96-5977-7_2

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