During the last decades of the 20th century, private companies were mostly out of the picture, but today, commercial companies have already been awarded contracts to supply the ISS and other lucrative aerospace contracts from the government. This signals not only a shift toward diversity but also about new approaches, new business models and new channels of profit. We’re now in the third era of the space industry that is becoming known as Space 3.0 or NewSpace.
Just as the Transcontinental Railroad united California with the Union and lead to an era of unparalleled prosperity and growth, reusable rockets and the development of new fuels, such as atomic metallic hydrogen, have the potential to connect our world with the other planets in our solar system.
Every since Wan Hu launched his wicker chair to the Moon, we have been trying to follow in his footsteps. In part 2 of this series we will focus on the rocketry technologies that are just around the corner and will become available in the next 5-10 years.