The space economy is projected to reach $1,800 billion by 2035, driven by advancements in technology and a growing interest in utilizing near-Earth space.
Companies are looking to capitalize on the weightlessness of space to manufacture products more efficiently, particularly in fields such as crystallization, biotechnology, and pharmaceuticals.
Switzerland is positioning itself as a key player in this sector, leveraging its strong economy and innovative industries.
The cantonal government of Zurich has identified the new space economy as one of its top three innovation priorities.
Institutions like ETH Zurich are offering new degree programs in space science and technology to ensure that the workforce is equipped with the necessary skills.
The reduction in transportation costs, primarily due to companies like SpaceX, has contributed to the growth of the space economy.
The cost of launching cargo into Earth orbit has significantly decreased, opening the door for a wide range of applications.
The upcoming Starlab space station, a joint venture involving major players like Airbus and Voyager Space, will operate as a privately managed facility, democratizing access to space.
However, environmental concerns, particularly the impact of rocket launches on climate change, are a cause for alarm.
The soot produced during rocket launches can linger in the stratosphere for years, significantly contributing to global warming.
The World Meteorological Organization (WMO) has raised concerns about the potential damage to the ozone layer caused by increased rocket activity.
Switzerland has established the Center for Space and Aviation Switzerland and Liechtenstein to foster collaboration and drive innovation in space technologies.
The Swiss government and private sector recognize the opportunities presented by the space economy, particularly in sectors such as biotechnology and medical technology.
Sustainable practices and innovative solutions will be essential to mitigate the adverse effects of rocket launches and ensure the benefits of the space economy align with environmental stewardship.