Space is the future
The importance of space as an economic factor is growing strongly. Lower launch costs promise continued growth. As a supplier, Beyond Gravity is well positioned with expertise in many fields.
The global space industry is in the midst of a major change and transformation. The scientific exploration of space has recently celebrated great successes, most notably with the successful launch and commissioning of the James Webb Space Telescope. The Artemis missions are an equally exciting and comprehensive project, which, with the return to the Moon, will form the basis for a journey to Mars, but at the same time also include economic interests. In addition, large commercial satellite constellations by Amazon, SpaceX and OneWeb are shaping events in space. And, not least, space tourism is also gaining momentum, for example with Virgin Galactic or Blue Origin.
Launch costs will fall massively
The many governmental players and commercial providers are stimulating the space market to an unprecedented degree. A study (2022) by Citibank predicts that the space industry will generate an annual turnover of more than USD 1 trillion by 2040, up from around USD 370 billion in 2020 and an annual growth rate of five percent. The main driver of space industry growth is lower launch costs. The study predicts that launch costs could fall from USD 1,500 today to USD 100 per kilogram by 2040.
Climate and space debris as drivers
According to a study by Morgan Stanley (2022), important drivers for the growth of the space industry include, on the one hand, the climate crisis and the resulting increased demand for data (e.g. satellite imagery), major private investments in the new space sector, the increasingly acute issue of space debris, but also the security needs of states, which are expanding into the space sector. And last but not least, there is the telecommunications industry and its needs for connectivity, navigation and communication.
Important contracts won
Beyond Gravity has won important contracts and prestigious customers in both the launch vehicle and satellite sectors, and is working with them at the forefront of further space exploration. In 2022, for example, Beyond Gravity received the largest order in the company′s history and will supply products – including dispensers and payload fairings – for the launch of Amazon′s Kuiper satellite network. Beyond Gravity also works with renowned organisations such as ESA and NASA in the institutional sector, for example on the James Webb Space Telescope, the Artemis missions and the latest generation of Galileo navigation satellites.
For Beyond Gravity, “Realising what′s next” also means that the company is working on innovative projects that are changing the space industry. Beyond Gravity′s powerful and space-qualified computers will be used in the field of deorbiting (the collection of space debris) as well as in the small- and mini-rocket sector, where the company is delivering compact and innovative solutions in the field of rocket nose cones.
