Will Starship Transform Space Economy
The "Starship" rocket developed by SpaceX successfully reached Earth orbit for the first time after 13 attempts and a series of experiments spanning three years. Despite one of its engines malfunctioning during the 10-hour process, it managed to deploy the first batch of 26 new-generation "V3" satellites. This achievement marks a pivotal milestone in the space economy, with expectations that launch capacity will increase to hundreds or even thousands of missions annually, enhancing capabilities for launching large satellites and future missions to the Moon and Mars. This comes at a time when estimates project the space economy will grow from its current $630 billion to $1.8 trillion by 2035, accompanied by a significant increase in the number of satellites, which are expected to reach two million over the next 15 years.
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