Challenges for the New Space Economy
Walter Peeters, Ph.D.
Dean and Vice President for Academic Affairs, The International
Space University, and
Director, The International Institute of Space Commerce
Excerpt
Most sectors requiring a relatively high upfront investment have started off as public, often military funded projects. A typical example is the development of the commercial aeronautical sector with some similarities but also important differences compared to the space sector. Starting with early flights in 1897 performed by Clement Adler (but kept secret due to military financing) the first flights that can be considered as a milestone in aviation took place in Kitty Hawk on 17 December 1903 by the Wright Brothers, also under a military contract, this time under the auspices of the US Signal Corps.
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