From new space to big space: How commercial space dream is becoming a reality (Fondation pour la Recherche Stratégique)

New space is a misleading expression. Many new trends steer the evolution of space activities. Development of commercial space, with start-ups and space ventures, is one of the most visible trends in space. Stimulated by the first initiatives related to space tourism, access to space and the growing use of small satellites, space activities have attracted new entrepreneurs, both start-ups and big web actors with substantial investment capacity. This revolution started in the Silicon Valley and spread worldwide. Start-ups have attracted around $21.8 billion of investment from 2000 to 2018. It is far below the annual institutional budgets but the pace gained momentum since 2006 and specially 2012.

https://www.frstrategie.org/sites/default/files/documents/publications/autres/2020/articleespace.pdf

Gil Denisa, Didier Alarya , Xavier Pascob , Nathalie Pisota , Delphine Texiera, Sandrine Toulza