Are our regulators ready for Australia’s space activities unprecedented expansion potential

Are our regulators ready for Australia’s space activities unprecedented expansion potential

In the face of a global pandemic, there is one sector providing a lot more than just a glimmer of hope, that is the nation’s burgeoning space industry, explains Equatorial Launch Australia chief executive Carley Scott.

The burgeoning space sector presents unprecedented opportunities to ignite an economic recovery right now, and enhance the ability for target industries to deliver sustainable, diverse and accessible economic growth in Australia, longer term.

The key to unlocking this growth is identified in the Australian Space Agency’s (ASA) Strategy, which highlights access to space (launch) as the nation looks to play an increasing role in the forecast US$1 trillion global space market by 2040.

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