Since its inception, the Space Economy has grown rapidly. The governmental and military programs of the 1950s and 1960s were fundamental in the emergence of the Space Economy, mainly in the circum-terrestrial orbit.
In recent years, this sector is being increasingly challenged with the emergence of new commercial dynamics, creating a New Space ecosystem. This new ecosystem highlights a deviation from the historical approach to government-led space financing, and points to the an increasing involvement of private companies in research and use of new design and development processes, innovative technologies and skills, and new business practices.
The new enterprises investments are setting the stages for the commercialisation of space initiatives by encouraging competitive markets in Earth-orbit and beyond. In particular, the ranges of innovative private activities comprise different areas of investments for examples: integrated systems of small satellites, innovative launchers solutions, new niche of satellites services, the mining of celestial bodies, the deep space infrastructure, etc. In this context, the governments and space agencies are increasingly exploring new forms of partnerships with these emerging actors to engage them in future programs and to reap mutual benefits.