
Space is Open for Business: A Conversation with Jordan Noone
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Space is Open for Business: The Future of Private Space Exploration
In this insightful conversation at the Lisbon Investment Summit, Mr. Jordan Noone, co-founder of Embedded Ventures, delves into the rapidly evolving landscape of the space economy. With private companies like SpaceX significantly reducing launch costs, space is no longer the exclusive domain of governments.
Mr. Noone highlights the crucial role of government investment in areas like deep space exploration and infrastructure development, which lays the groundwork for commercial viability. He emphasizes the importance of collaboration between government organizations and private companies in shaping regulations and fostering a sustainable space ecosystem.
For entrepreneurs eager to break into the space economy, Mr. Noone advises focusing on areas experiencing rapid change due to decreasing launch costs, such as in-space manufacturing and logistics. He acknowledges the high-risk, high-reward nature of space ventures, emphasizing the need for substantial capital and a long-term vision.
While space tourism has garnered attention, Mr. Noone expresses a preference for ventures focused on long-term infrastructure and applications that leverage space’s unique advantages. He cites examples like GPS and communication systems, highlighting their often-overlooked dependence on space-based assets.
Addressing concerns about space debris, Mr. Noone emphasizes the role of technology in preventing collisions and improving space traffic management. He highlights the ongoing development of space situational awareness and traffic control systems, drawing parallels with the evolution of air traffic control.
Looking ahead, Mr. Noone anticipates continued growth in the space industry, with both cooperation and competition shaping its trajectory. He expresses hope for the peaceful and neutral nature of space while acknowledging the potential impact of global instability.
This insightful discussion provides a glimpse into the exciting possibilities and challenges that lie ahead as the space economy continues to expand, driven by innovation and collaboration between governments and private enterprises.
