BE Webinar: Commercial Market Forecasts - Are They Credible? Who To Believe?

In recent years, the commercial space domain has seen a dramatic emergence of an ecosystem of space ventures, including start-ups and established companies, seeking to translate technical possibility into actual market opportunity. Aside from launches, GPS, radio frequency signal location, satellite communications and imagery, profitable self-sustaining space markets remain elusive.

And yet a seemingly endless array of forecasts from leading banks and various analytical firms forecast growth from the current global space economy of $630 billion to some predictions calling for at least $1.6 billion within the next six years. One major bank predicts that the commercial space market will expand to as much as $3 trillion within thirty years. "A few years ago, a senior official with the China Aerospace Science and Technology Corporation (CASC)— China’s main state-run space contractor — was even quoted as stating that a “space economic zone” between the Earth and the moon could generate as much $10 trillion a year for China by 2050." Even when placed in the context of today’s global economy of $100 trillion, with some forecasts saying that figure will double to nearly $200 trillion by 2050, these predictions appear problematic given the lagging revenue profile of most of today’s new space companies.

Moderated by Beyond Earth’s Executive Vice President, Courtney Stadd, this Webinar brings together prominent subject experts who will focus on the nature of the data that make up the current global space market analysis, the nature of future forecasts, including what is behind the methodology. We will also discuss to what extent these forecasts should be trusted in terms of guiding investment strategies by the capital markets, as well as the government which is increasingly relying on the commercial space sector as a critical partner and customer.
Panelists:
-Courtney Stadd, Executive Vice President, Beyond Earth Institute
-George Pullen, Chief Economist, MilkyWayEconomy
-Lesley Conn, Director of Research and Digital Programing, Space Foundation
-Kevin O’Connell, Founder & CEO, Space Economy Rising
-Chris Quilty, Co-CEO and President, Quilty Space
-Tina Highfill, Senior Research Economist, Bureau of Economic Analysis