Page 18 - THE SOUTH CHINA BUSINESS JOURNAL
P. 18
c. tODAY
Article by Thomas J. Donohue, CEO, US Chamber of Commerce
Today, every company is, or very streamline operations, and stake their claim in the
soon will be, a space company. new economic frontier.
Whether we realize it or not, Leading corporations and billionaire entrepreneurs
space-based technology impacts are assembling the world’s best and brightest to make
everyday life—from the GPS we space tourism a reality. Pharmaceutical and agriculture
use to find our way home to the companies, meanwhile, are conducting experiments in
low-Earth orbit to evaluate the potential advantages
satellite-transmitted data we of microgravity in growing crops and developing
depend on for almost all forms new drug treatments. Even retailers have joined the
of modern communication. commercial space race, with companies like Target
Businesses, too, are funding research on the International Space Station to
leveraging this produce more sustainable forms of cotton.
technology to
expand Need further evidence that the private space industry
R&D, is taking off? Today, there are less than 2,000 active
satellites in orbit. But last year alone, the FCC licensed
over 13,000 satellites for operations in low-Earth orbit.
Space is the most promising industry to arise since
the birth of the tech sector, and companies large
and small want a piece of the action. In
the coming years, growth
will continue to
15 AmCham South China
Article by Thomas J. Donohue, CEO, US Chamber of Commerce
Today, every company is, or very streamline operations, and stake their claim in the
soon will be, a space company. new economic frontier.
Whether we realize it or not, Leading corporations and billionaire entrepreneurs
space-based technology impacts are assembling the world’s best and brightest to make
everyday life—from the GPS we space tourism a reality. Pharmaceutical and agriculture
use to find our way home to the companies, meanwhile, are conducting experiments in
low-Earth orbit to evaluate the potential advantages
satellite-transmitted data we of microgravity in growing crops and developing
depend on for almost all forms new drug treatments. Even retailers have joined the
of modern communication. commercial space race, with companies like Target
Businesses, too, are funding research on the International Space Station to
leveraging this produce more sustainable forms of cotton.
technology to
expand Need further evidence that the private space industry
R&D, is taking off? Today, there are less than 2,000 active
satellites in orbit. But last year alone, the FCC licensed
over 13,000 satellites for operations in low-Earth orbit.
Space is the most promising industry to arise since
the birth of the tech sector, and companies large
and small want a piece of the action. In
the coming years, growth
will continue to
15 AmCham South China
