Synopsis
- The paper explores the emergence of a new breed of space entrepreneurs, termed “astropreneurs”, who are innovating in the space sector without relying on government funding.
- The concept of astropreneurship is contextualized within a broader techno-economic paradigm, drawing parallels with digital ecosystem co-creation.
Literature Review
- Astropreneurship is relatively new in academic research, but gaining traction in practitioner communities.
- The paper reviews various market segmentations of space startups and how they are categorized by different researchers and consulting firms.
Methodology
- The author’s insights derive from a triangulation of data sets including investment presentations, websites of 255 startups, ethnographic observations, and interviews.
- These include observations from Seldor Capital (a venture fund) and the Expanding Frontiers acceleration program.
Analysis and Findings
- The paper identifies a new “techno-economic paradigm” in the space economy, termed the “Space Technology Kondratieff”.
- It discusses the falling costs of space access and the proliferation of space startups as signs of this new paradigm.
- The paper categorizes astropreneurs into three types: In-space, On-earth, and Space spinoff, each with unique challenges and opportunities.
- It also explores the concept of value co-creation among astropreneurs, highlighting the importance of networks and collaboration.
The Trio of Astropreneurs
- In-Space Astropreneurs: Focus on launching or providing capabilities in space.
- On-Earth Astropreneurs: Leverage space technology or data for Earth-based industries.
- Space Spinoff Astropreneurs: Create non-space Earth applications based on space technology.
The Space Value Constellation
- The paper introduces the concept of the “Space Value Constellation”, describing a network where different astropreneurs co-create and co-produce value.
- It emphasizes the nonlinear, co-creative nature of value creation in the space economy.
Implications and Future Research
- The study suggests a need for further research into the evolving dynamics of the space economy and its impact on various sectors.
- It calls for a deeper understanding of the role of national policies and international cooperation in shaping the astropreneurial ecosystem.
Conclusions
- The paper concludes by reaffirming the transformative impact of astropreneurship on the space economy.
- It highlights the unique challenges and opportunities faced by astropreneurs in co-creating the new space economy.
