Freelancers, Remotes, Location Independents, Digital Nomads & Entrepreneurs

SPACE 7 BUSINESS OPPORTUNITIES FOR ENTREPRENEURS, PROFESSIONALS & EVEN EVERDAY JANE & JOE’SAs we take our first baby steps out of our planetary comfort zone, 7 new and exciting business opportunities have become available to daring and brave entrepreneurs, and skilled professionals such as software developers, analysts, scientists, and even farmers

FDN WORK & BUSINESS >

The universe is slowly but surely unfolding before our eyes. And in this tiny part of our great universe, we are taking baby steps out of our planetary comfort zone. As we do so, business opportunities in space arise that may benefit each of us, from the most daring entrepreneurs who love taking risks to dedicated garbage recyclers.

Cleaning up the 23,000 pieces of junk around planet Earth proves challenging. Yet, for daring entrepreneurs, it presents a goldmine of opportunity. Existing companies such as ComSpOC are already tracking debris with a network of sensors.

Opportunities for space entrepreneurs lie within subcontracting and the gathering of information and data about objects in space.

As our knowledge and experience of space grow, the need for talented data developers, analysts, and software development companies grows as well.

Currently, the European Space Agency (ESA) is one of the few companies focused on software development specifically for use in space.

This is a process and a business opportunity that will require a mammoth amount of money and equipment, which will likely be available only to government-funded space agencies or participating conglomerates.

SOME OF THE MOST NOTABLE OPPORTUNITIES
  • Laser destruction (known as bumping) from Earth
    In theory, a laser with an impulse is directed at the piece of junk. It is then bumped or deflected out of its trajectory, into an alternative orbit, taking it into the atmosphere so that it can burn out.

  • Development of Orbital Robots
    Spacecraft or orbital robots with nets are being designed to gather space trash and drag it into the atmosphere to be destroyed or dropped into the ocean. The UK is testing this concept with their RemoveDEBRIS.

  • The Japanese firm Astroscale, with its ‘dancing with the devil’ technology, is synchronizing the motion of space debris so that it can be collected for burnout in the atmosphere.

An exciting project for all of humanity is certainly the opportunity to perhaps one day live and work on the Moon and Mars.Until recently, the prospect was thought outrageous, but as Sir Richard Branson took to space on 11 July 2021 in his own spacecraft, Unity22, our dreams of space might be closer to fulfilment than we think.

 

  • SPACE CONSTRUCTION EXPERTS
    The multi-nation space stations under construction will be the first of many. There are also plans in the pipeline for space hotels, affording the opportunity to brave and bold architects and construction experts to work on space construction projects.
  • FOOD & SUPPLIES PRODUCTION
    All the above projects will require people, equipment, food, medical supplies, and other commodities that will need to be transported into space.

    People skilled in the production of these commodities (on Earth, and later while stationed across the Moon and Mars), will be needed to ensure a steady production of supplies.

    As space communities grow, the demand for skilled professionals and labour will also grow.

    FDN Life Magazine Issue 10 (July-Dec 2021) - 7 Space Business Opportunities for Entrepreneurs, Professionals and Everyday Joes and Janes

  • SPACE TOURISM IS HERE!
    Elon Musk and the SpaceX program are the forerunners in the race to establish space tourism and transport for everyday people.

    The idea behind space tourism is to generate money for even bigger projects, such as traveling to Mars and beyond.

    Though going to Mars is still a few years away, there are current opportunities in the transporting of payloads to and from space stations. This is a field that will be in ever-increasing demand.

  • DATA PROCESSING & ANALYSIS
    Creating software and capturing data are regarded as some of the biggest business opportunities of the future. 

    Collecting, analysing, and processing data will be paramount in space-related projects, whether for ever-increasing payload planning or passenger manifests.

    Opportunities to become involved in these projects in the form of subcontracting and freelancing will be on the increase.

A new space is taking shape around us. That space has a name: nanotechnology. Plans are currently in progress to place a nanosatellite constellation in space.

SpaceX aims to place a total of 12,000 satellites into orbit (1,500 have already been launched) to improve communication and data transfer to the most remote areas on Earth. With the Beta version launched in the USA, the rest of the world can expect connectivity by 2022, Musk said. 

To get started, you’ll need a Starlink Kit, which includes a terminal and a router available to the freelancer and entrepreneur.

Only the most wealthy are currently financially stable enough to boldly go where no human has gone before. Where does that leave you and me? In short, with investment opportunities!

According to CNBC, the space industry will be Wall Street’s next trillion-dollar industry. With space opened up to the private sector, investment opportunities will be on the increase.

While SpaceX does not have immediate plans to go public, things may just change in the future. Keep a lookout for investment opportunities in companies such as Virgin Galactic, Lockheed Martin (who partnered with Blue Origin for proposed lunar landers), Boeing, and Nanoracks – a company focussed on research and space station habitats. 

Insurance in space is worth ‘only’ $715 million today.

Think of Lloyds in the shipping industry, and you will soon realize that someone is going to offer this kind of insurance to the aerospace industry.

Currently, the customer pool is relatively small, with small profits. But as more and more companies (and eventually tourists) enter the space arena, space insurance companies will surely benefit. For everyday Janes and Joes, it can create work opportunities as companies, people, and payloads will need insurance, and insurance companies will need agents.

Space governance and related laws will increasingly involve the private sector. Currently, liabilities lie within a specific country and its treaties with other countries that operate in space.

Most astronauts are currently, in some way or another, in the employ of their governments, which affords them legal protection. Presently, space laws and arrangements are covered and enforced by treaties. However, the application of the law in countries such as the USA and China will probably differ completely.

Currently, SpaceCareers UK offers a job profile for future highly qualified space lawyers. The job will cover a crisscross of international laws.

The prospective lawyer will have to travel the world and have negotiating skills with a wide variety of people. A career as a Space Law Officer will rely heavily on the analysis of available information.

Entrepreneurs will be able to create opportunities for their businesses and employees by offering assistance to the office of law through information gathering and analysis.

FDN Life Magazine Issue 10 (July-Dec 2021) - 7 Space Business Opportunities for Entrepreneurs, Professionals and Everyday Joes and Janes

WHAT DO YOU THINK OF THE NEW SPACE AGE AS IT DAWNS?

With the infinity of space, there are no limits and no boundaries. For hardworking entrepreneurs and everyday people, the new space age is around the corner, presenting ample opportunities.

CURRENT SPACE-RELATED OPPORTUNITIES FOR EVERYONE:

  • Has the thought crossed your mind that you could start a scrapyard in space or right here on our home soil that sells used satellites and components?

    Space objects are made of the most advanced materials on earth. In time, the recovery of material from redundant satellites will become a lucrative enterprise.

  • The mining and extraction of minerals from asteroids and planetary bodies are realities of the future.

  • So far, with the relatively small number of people working in space, crime is not a problem. But humankind and crime have been partners since the beginning of time. Ever thought of becoming a space detective?

    Air & Space Evidence Ltd of London offers the opportunity to become one of our planet’s first space detectives.

  • Security in space is currently regulated by international treaties. The UN is currently working on a Code of Conduct to be applied in space. Sounding good on paper, this conduct may need to be enforced in the near future.

    The time may come sooner rather than later that private security companies and officers will be in demand.

We can say that we have touched the tip of the iceberg regarding opportunities in space. The reality is that most current space-related opportunities exist right here on our planet. Most, if not all, of these opportunities rely on tracking, collecting, analysing, and processing information.

One day, the time will be right for a leap of faith into a space-related business venture.

SPACE 7 BUSINESS OPPORTUNITIES FOR ENTREPRENEURS, PROFESSIONALS & EVEN EVERDAY JANE & JOE’SAs we take our first baby steps out of our planetary comfort zone, 7 new and exciting business opportunities have become available to daring and brave entrepreneurs, and skilled professionals such as software developers, analysts, scientists, and even farmers
FDN LIFE MAGAZINE
error: COPYRIGHT & TM > Content is protected- All Rights Reserved.

SUBSCRIBE TO

FDN LIFE NEWSLETTER

Join our mailing list to receive the latest news, information, and special offers.