In the past few months, we’ve seen quite a lot of activity in the renewed space race. As you know, commercial entities like Elon Musk’s SpaceX, Jeff Bezos’ Blue Origin, and Richard Branson’s Virgin Orbit have all flown missions in spectacular fashion. There was even a few tussles between them already as the space race heats up. But how will this affect you?
Well, it’s mostly all good news for the consumer, be it someone living in the United States or abroad: Space represents a final frontier in exploration, but a new frontier in technology, economics, science, governance, and even religion. The hurdles required to permanently move humans into space will present significant challenges that, if solved, will benefit the part of society that feels no need to take to the void and chooses to stay on our beautiful planet.
For example, consider that new technologies have already been developed by SpaceX in order to make the current booster system viable. Booster Technologies such as Merlin, Kestrel, and the Raptor are changing the way and the frequency by which we can explore earth’s orbit, but some of the best developments will come from the deep space exploration initiatives. Technologies that make long-term human stays in space on other planets possible can be used to make life better back home on earth. Imagine the full adoption of digital currency, highly efficient off-the-grid homes, and flying vehicles that reduce transportation times significantly as well as burn strictly clean fuel.
All this is coming and it’s very exciting, but there’s always a catch.
The catch here is that much of these new technologies including space itself will not be accessible to but a sub-group of the population – mainly those with resources, power, and influence. Costs will come down eventually – of course – but right now the typical cost for just a short visit to space is more than most individuals in the world earn in a lifetime. This means that humanity will go to space, Yes! But in our lifetime it’ll be only the ruling and investment class.
Don’t count on being able to take your personal spaceship on a quick trip to see your family on the moon any time soon.