Germany gets ahead in the new space race

The space industry is a multibillion-dollar business. According to a study by the German consulting firm Roland Berger and the Federation of German Industries (BDI), the market is worth around $600 billion (€516 billion) and growing. By 2040, it is predicted to be worth $2.32 trillion. That is about four times Germany’s federal budget in 2025. And many want a slice of the new private spaceflight pie. Currently, some $150 billion is flowing into the “upstream market,” which “comprises production of the infrastructure required on Earth and in space, from launch pads, ground segments, and satellites,” according to Roland Berger. A much […]... Keep on reading: Germany gets ahead in the new space race

Original source: Philippine Daily Inquirer