Commercial companies account for 80% of the global space industry

Space ... a competition arena among America's billionaires

• Taking people to the moon and beyond is a key part of Mask (right) and Bezos' visions.

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Later this year, Jeff Bezos will step down from his job as president of "Amazon", but as is expected of a billionaire who has reaped fantastic profits from the technology sector, this step means that he is looking for potential bigger gains, but this time from outer space. Which will be the arena of competition among America's billionaires.

And according to the British newspaper, The Guardian, Bezos, who is considered the first person in the world to lead a business from scratch to reach the trillion dollars, will devote more of his time to the space race between his business rivals who hope to expand the boundaries of society and trade beyond the planet Earth.

tourism

The newspaper pointed out that last month, the American company, "Blue Origin" for space tourism, owned by Bezos, completed its 14th mission, which aims to send tourists to outer space to enjoy viewing the earth from long distances.

She stated that the company had previously expressed its belief that the relatively inexpensive travel of humans into space was not far-fetched.

The newspaper emphasized that competition in outer space will be difficult, as in the retail sector, as the rival billionaire, founder of "SpaceX" Elon Musk, is ahead of "Blue Origin".

Travel to Mars

The Guardian reported that taking people to the moon and beyond is an essential part of the visions of Musk and Bezos, who spoke in 2019 about a trillion people who could inhabit the solar system, far from the earth's resources, while Musk believes that building a colony on Mars can save humanity .

She said that despite the recent failed test flight, which ended with the crash of the giant space rocket, which SpaceX developed by the US, SpaceX, upon its landing on Earth, SpaceX is already able to reuse its Falcon 9 missiles. To travel to Mars as soon as possible in 2024.

Space industry

The British newspaper quoted a professor specializing in space business at Warwick Business School in the United Kingdom, Lewisus Heracleus, that "there is indeed a revolution in the private sector towards the space industry, especially with the dwindling of the US government's enthusiasm for huge spending on this sector," explaining that "commercial companies represent Now about 80% of the global space industry, which is worth about 424 billion dollars.

Heraclius added, "Most industrial companies focus on information technology, but we are about to enter a new era thanks to the efforts of businessmen billionaires, which are witnessing the start of space tourism and industrialization in the space field," pointing out that one of the founders of Google, Larry Page Supports the startup, Planetary Resources, which hopes to prospect.

Big shift

For his part, aviation analyst at Bank of America Merrill Lynch, Ron Epstein, said that the total value of the space industry could grow by a trillion dollars over the next decade, pointing to a major turning point in this field, where technological improvements combine with capital, To make space tourism increasingly applicable.

"The wealthy investors are playing a role similar to that of the predecessors who helped the aviation industry grow into a global industry," he said.

Cost

"SpaceX" and "Blue Origin" are currently working on designs to land on the moon, according to contracts awarded by the US space agency, "NASA" last year, worth one billion dollars, in addition to the American company, "Dentex", as those contracts covered only 10 months of work. But NASA is due to evaluate each company's efforts this month.

However, the hope for the continuation of the space industry is to reduce the cost of accessing it, especially at a time when the climate crisis looms threatening its existence.

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