The Future of the Space Economy

III. August 7–11, 2023
Day & Time:
Monday–Friday, 10:00 a.m.–12:00 p.m. and 1:00–3:00 p.m.
to be announced

Course Description

Goldman Sachs, Morgan Stanley, and other leading investment firms have predicted that the space economy will be worth trillions of dollars within the next few decades. In this course we explore a number of key issues having to do with the space industry and the emerging space economy with the intention of preparing participants to be leaders in those fields.

Potential topics to be covered include:

  • How private businesses are changing the new space race
  • Why space commercialization will lead to a Fifth Industrial Revolution
  • What old and new financial models are enabling the growth of space technology
  • The role of NASA, the Space Force, NOAA, and other government agencies
  • Should we be investing in space when there are so many challenges facing humanity on Earth?
  • How do businesses profit from working within the space economy?
  • What does the work of SpaceX, Blue Origin, and Virgin tell us about opportunities in Low Earth Orbit (LEO), the moon, and Mars?
  • What steps a business must go through to be part of the new space race
  • How new private and national programs will add to the complexity and vibrancy of the economy
  • What is the role of space in human rights?
  • How does the improvement of communities in space lead to social and technology improvements?
  • What environmental problems can be solved using space technology?
  • What is the role of traditional financial institutions such as banks and mutual funds, and how does that compare to the role of family private offices, VCs, and hedge funds in disruptive industries like the space economy?

The course draws on fundamental concepts in business, economics, and finance and applies new concepts from ESG (environmental, social, and governance) investing, risk management, and social impact measurements. Participants gain a foundational understanding of business development, the importance of intellectual property, and the value of community building as part of any business strategy - how solving for space is really about solving for problems on Earth. Guest speakers represent the private sector as well as groups such as NASA, the Space Force, and international space organizations.

Students leave with the tools to place an economic lens on the business, technology, and financing of spaceports, the aerospace industry, space adjacent technology, and the space economy as a whole. From launch, to satellites, to private stations, to manufacturing in LEO, to the permanent human settlement of the moon, via the Artemis program, this course gives students insights into the future they will help build and lead.

As the final project for the course, participants generate their own investment strategies and portfolios.


Back to the Course Guide

Specific course details such as topics, activities, hours, and instructors are subject to change at the discretion of the University. Not all instructors listed for a course teach all sections of that course.