Understanding the Space Economy

HBR IdeaCast

Harvard Business Review

Leadership, Entrepreneurship, Communication, Marketing, Business, Business/management, Management, Business/marketing, Business/entrepreneurship, Innovation, Hbr, Strategy, Economics, Finance, Teams, Harvard

4.4 • 1.9K Ratings

🗓️ 28 May 2019

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sinéad O'Sullivan, entrepreneurship fellow at Harvard Business School, discusses how space is much more important to modern business than most people realize. It plays a role in making food, pricing insurance, and steering self-driving cars. While moonshot projects from SpaceX to Blue Origin drive headlines, the Earth-facing space economy is booming thanks to plummeting costs of entry. As tech companies large and small compete to launch thousands of satellites, O'Sullivan says we are actually running out of space in space.

Transcript

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0:00.0	When leadership advice feels like buzzwords and platitudes, it's time to get real.
0:05.9	HPR's podcast Coaching Real Leaders brings you behind closed doors as Muriel Wilkins coaches anonymous
0:11.9	leaders through raw honest career questions
0:14.6	that we all face.
0:15.9	Listen and follow coaching real leaders for free
0:18.3	wherever you get your podcasts. Welcome to the HBR Ideacast from Harvard Business Review. I'm Kurt Nickish. If you believe competition is pretty stiff in the global economy, try space.
0:51.6	Once the domain of one-upmanship by national governments, the so-called
0:55.2	Final Frontier is fast becoming the arena of private enterprise.
0:59.9	Amazon recently announced Project Kuiper.
1:02.8	It would put more than 3,000 satellites into orbit to provide high-speed internet to up to
1:07.8	4 billion new customers.
1:10.3	And Amazon's not alone.
1:11.8	SpaceX is launching Starlink to put nearly 12,000 satellites into orbit.
1:16.7	Facebook is reportedly working on satellites too,
1:19.8	and that's just for surfing the web anywhere on Earth.
1:23.4	Amazon CEO Jeff Bezos says he's personally spending more than $1 billion each year to fund his
1:29.8	other enterprise. Blue Origin is building rockets and landing modules to take people to the moon.
1:35.0	Elon Musk has Mars and his sights with SpaceX.
1:39.0	And then there's space tourism and asteroid mining.
1:42.0	Some founders even dream of the day when ventures
1:44.8	on other planets will disrupt lowly Earth businesses. Our guest today has been
1:49.9	studying this new space race sorting through the actual value propositions and she
	...

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