What Is New Space? The Changing Ecosystem of Global Space Activity

Traditionally, the ecosystem of space was controlled by national activity and was a state-only playground. In the past several years, we have witnessed dramatic changes in global space activity toward greater involvement by the private sector. These changes come together under the overarching expression, “New Space.” New Space is drawing considerable attention by many in the space sector. Nevertheless, what does it mean? This question may be answered in many different ways: innovative technologies, entrepreneurial activity, new models for R&D, commercialization, financing, new frontiers and explorations, etc. Understanding the complexity of the changes in the ecosystem of space is important to better forecast its implications, opportunities, and challenges. This article provides an overview and analysis of the differences between the ecosystems of “Old” and New Space.