Navigating the 3rd Wave of the New Space economy
Charting a course in a new market is challenging. Understanding the prevailing dynamics can help. While the New Space economy is certainly a place of rapid change, there are features that — if understood — can help investors and companies maximize prospects for success. An important insight is that the New Space economy has evolved in a series of successive waves that differ in important respects, including the way private capital is deployed, the locus of market activity, and key success factors. Viewed in this light, the market has rapidly progressed through two waves and is now entering into a third. Succeeding in this new phase of the market requires understanding how it has developed and where it is now heading.