New Space Economy - Technologies, Products, Services and Business Models

New Space
Economy:
Technologies,
Products,Services
and Business Models

Online course New Space Economy: Technologies, Products, Services and Business Models
We believe that the future
will be to build up
gradually an
infrastructure in space,
so one mission builds
on the next.
Prof. Olivier de Weck
03 From Traditional Space to The Next Frontier
Index
07 About this Course
09 Key Takeaways
10 Participant Profile
11 Testimonials
12 Instructors
14 Course Outline
18 About MIT Professional Education
19 Corporate Courses
20 The Beyond Online Methodology
21 Benefits of Joining the Alumni Community
2
From Traditional Space to
The Next Frontier
As an economic model, traditional space The New Space economy is global,
could be described as centralized, national, entrepreneurial, and, most importantly,
and bureaucratic. It was essentially limited accessible. It is increasingly diversified
to state-run courses with limited numbers of and expanding with private players across a
public and private partnerships. variety of sub-sectors.
There is a truly astronomical growth in funding and investment.
This has been made possible because the New Space economy is finally
connecting to the larger global economy.
3
There are two different approaches to developing
space projects. Traditional space consists of
highly ambitious missions developed under very
established, rigorous processes in order to
minimize risks and ensure mission success. This
is due to the high launch costs and typical high
price tags of those missions.
New Space is experimenting with new ways of

developing products and taking more risks in the
process of doing so in order to advance faster,
while using commercial technology, and
implementing new business models
Prof. Alessandro Golkar
4
New Space Economy
$447
Billion USD
The global space economy’s
potential value in 2020,

which was 55% higher than
its valuation the decade
before.
$93
Source: The Space Report
2021 Q2
Billion USD
It is projected that
between 2023 and 2027,
+81%
governments worldwide
will invest $93 billion USD
in space exploration.
Source: Statista
of Government
Space Spending
The top three investors in the global space
economy are the United States, China, and
the European Space Agency. Collectively,
these countries constituted more than
81% of government space spending in
2020.
Source: Space Foundation
5
An Online
Course Offering
MIT Professional Education’s online course Using systemic thinking, this course offers a
New Space Economy presents an comprehensive overview of the New Space
encompassing overview of production, sector and an introduction to the important
services, and new business models to this innovations it has generated, such as its
rapidly accelerating emergence in the global recent contributions in the field
economy.
of telecommunications, navigation,
services, and satellite observation

Over the past six decades, we have
seen space activities grow from being
solely utilized by government and
scientific interest to a mature industrial
sector providing everyday services.
The course describes key engineering factors that help distinguish between traditional
space and New Space activities, drawing on industry case studies and an engineering
approach to structure understanding of New Space products and services.
6
About
this Course
This course provides the foundations for understanding the New Space Economy from the
perspectives of products, services, and new business models.
Using systems thinking, this course provides activities, leveraging on industry case
a comprehensive overview of the New studies and a systems engineering
Space sector and an introduction to key approach for structuring thinking on New
innovations in terrestrial applications such Space products and services.
as Earth observation, telecommunications,

navigation, and services.
Participants will gain an understanding that

is as objective and fact-based as possible on
The course describes the key engineering what New Space really is as they analyze
factors distinguishing New Space from this phenomenon from different lenses
traditional space spanning technology, business, and
financing.
8 weeks 8-10 hours a week Online
7
As a course, New Space Economy is
tailored for a broad audience that
includes engineers, entrepreneurs,
and investors who are interested in
identifying new opportunities and
trends that will be shaping the New
Space economy in the years to come.
Get to know how to manage the
emerging ecosystem of New Space
and its economy.
MIT Professional Education’s New
Space Economy course serves as
inspiration for entrepreneurs, market
insight for business professionals, and
a competitive edge for investors and
analysts following market trends.
Take advantage of the astronomic
development and value of New Space
Economy with MIT knowledge, case
studies, and industry interviews. There
is new space for innovative business
ventures out there!
register
register
8
nline course New Space Economy: Technologies, Products, Services and Business Models
Key Takeaways
The principle learning objectives for the course include the following concepts:
01 The history and evolution of the

06 Comprehension of the key differences
space sector between New Space and traditional
space activities
02 Key elements of the space sector
value chain 07 Identifying and sizing opportunities
for innovation in space activities

03 Understanding key innovations
in New Space from technology,

08 Recognition of the impact of New
product, service, and business model

Space in non-space application
perspectives verticals
04 Landscaping the New Space economy

09 D evelopment of new business
from technical and business

opportunities related to the
perspectives development and use of New Space
technologies
05 Proficiency in the application of New
Space technologies and ventures in
commercial domains
9
Participant Profile
This course is directed towards
Engineers who want to understand the key engineering drivers for New Space products and
technologies.
Engineering managers interested in analyzing New Space products and technologies from a
systems engineering perspective, and how they compare with traditional space analogs
Entrepreneurs wanting to determine what future opportunities exist in the development of

New Space.
Investors who desire to understand the key differences between New Space and traditional
space from the perspective of stakeholders and their needs, as well as from a technology,
product, service, and business model standpoint.
Participants wanting to understand the key innovations in products, services, technologies,

and business models in shaping the New Space economy.
We recommend that functional and multifunctional teams participate in the course

together to accelerate the adoption of the subject matter regarding New Space economy.
register
register
10
Our Professional
Alumni Experience
Martyna Perek
Stefan Rankov
EU Regulatory Affairs Expert at Allegro Senior Associate at JPMorgan Chase & Co

Since I am currently working in the e- This course is ideal for both seasoned
commerce sector (large company), I professionals and newcomers to the
could use the knowledge and apply it in industry. The course is a great stepping
more "imaginatory" contexts - for stone and a floodgate to a world of
instance by understanding better information, companies, technologies,
nuances and possibilities of new and applications. The faculty and
business models and new fields of facilitators are very supportive, highly
applications - and merge it with my experienced, and immeasurably
already gained governmental and knowledgeable. The cohort was a
administrative experience with current collection of amazing people with
business (private company) angle. I can inspiring stories and portfolios of work. I
engage my colleagues and create enjoyed it and I am happy to recommend
common exchange platforms with the this course for anyone interested in
great people I met during this course. knowing more about New Space
Economy.
Jill Springer
Senior Policy Advisor at US Department of

Commerce, NTIA
I appreciate how the course was
structured to emphasize how the New
Space Economy diverges from Traditional
Space. I felt the organization was very
effective and the material was
informative. I am definitely paying more
attention to news about space and
engaging with those in my agency who
work on these issues in a more informed
and meaningful way.
11
Instructors
systems, concurrent engineering, and
identifying technologies and processes in

these areas that result in startup ventures
with his students.
In addition to his academic career, Prof.
Golkar served as Vice President Concurrent
Engineering at the Corporate Technology

Office of Airbus in Toulouse, France, from
2017-2019.
During his time at Airbus, Prof. Golkar was
part of the Leadership Team of Technology
Planning and Roadmapping, that developed
the methodology for steering the R&T budget
for the Company at group level.
Prof. Golkar is the author of 117 publications
Prof. Alessandro Golkar

and serves as Associate Editor for the
Professor in Space Technology
INCOSE Systems Engineering journal. a
technical referee for the AIAA Journal of
Alessandro Golkar is a Full Professor, Chair Spacecraft and Rockets, the AIAA Journal of
of Pico-, Nanosatellites and Satellite Aerospace Information Systems, INCOSE
Constellations at the Technical University of Systems Engineering Journal, Acta
Munich (TUM). Prof. Golkar’s professional Astronautica, the IEEE Transactions on
activities focus on research, education, and Aerospace and Electronic Systems, and as
innovation in the space technology and the guest editor for the 2015
systems engineering domains.
Special Issue on Federated and Fractionated
Satellite Systems hosted by the AIAA Journal

His research interests lie in the areas of
of Aerospace Information Systems (JAIS). He
systems architecture, federated satellite
is a member of the AIAA, IEEE, and INCOSE
“The whole set of activities not only look at ‘space for space’, that is the
creation of knowledge of our Universe and advancing science for the
benefit of humanity, but also and primarily at ‘space for Earth,’delivering
services with direct impact to businesses and people.”
Holds a PhD in Aeronautics

Has master’s and
Has prior work experience
and Astronautics from the

undergraduate degrees
working as a founder and
Massachusetts Institute of
in Astronautical and
advisor to space startups in
Europe.
Technology (MIT). Aerospace Engineering
from Sapienza University of
12 Rome.
Olivier de Weck was born in Switzerland
and has a degree in industrial engineering
from ETH Zurich and in aerospace systems
engineering from MIT. Before joining MIT, he
was an engineering liaison and later director
of the McDonnell Douglas F/A-18 aircraft
engineering program.
Professor De Weck is a leader in systems
engineering research. He focuses on the
design of complex man-made systems, such
as aircraft, spacecraft, cars, printers, and
critical infrastructure, and their evolution.
His main focus is on strategic properties
that have the potential to maximize life cycle
Prof. Olivier de Weck
value. Since 2001, his group has developed
new methods and quantitative tools that
Professor of Aeronautics and Astronautics
and Engineering Systems, MIT
explicitly consider production, flexibility,
common features, and sustainability, among
other characteristics. Professor De Weck’s
teaching emphasizes excellence, innovation,
and the combination of theory and practice.
“On Earth, we are all here together on a big spaceship, and we’re
starting to see the limitations of resources.”
Holds a degree in
Earned a PhD in aerospace Was an engineering
industrial engineering
systems from MIT. course manager on the
from ETH Zurich and an

F/A-18 aircraft course at
MS in aeronautics and
McDonnell Douglas.
astronautics from MIT.
13
Course Outline
Module 0
@W Downstream Segment J
How is New Space impacting our
W Vertical Integration: Challenges and
society and the global econom# Opportunities J
oW Example: Comparing New Space
6W Definition of New Space and the New Mission and Traditional Space Mission
Space economy J Value Chain-
W How has New Space impacted our Comparison of Government Earth
society? J Observation (Copernicus incl. Sentinel)
W What Are the Future Opportunities for vs. Planet (Doves, Skysat)
New Space Development? J
@W What Challenges Are Associated with Module 3
the Evolution of New Space? J New Space vs Traditional Spac`

W Case study: The Rise of SpaceX, Blue
Origin, and Others in the New Space 6W New Space Stakeholder Analysis J
Economy W New Space Vs. Traditional Space: Key
Analogies and Differences J
Module 1
W Case study: Planet Constellation Vs.
History of the evolution of the space Copernicus for Earth Observation
secto¤
Module 4
6W The Space Race (1957-1980s) J Innovation on Product and Technolog#

W The International Collaboration Era
(1980s-2000s) J 6W Product Development Lifecycles J
W Commercial Space: NASA’s COTS W Design for Performance Vs. Design for
Course (2006-2013) J Cost Vs. Design for End-User Needs J
@W New Space: First Private Investments W “One off” Vs. Iterative Development
in the Space Sector (2013-today) J Cycles J
W Space going forward (2022-beyond) J @W Technology Insertion and Technology
oW Case Study: The Role of Space Risk Management J
Agencies in Fostering the Private W Launch Industry Innovation (Rocket
Space Sector Lab, Astra, Virgin Galactic)
Module 2
Space Sector Value Chain OvervieÂ
6W Space Mission Value Chain Overview J

W Upstream Segment J
W Midstream Segment
14
Course Outline
Module 5
Innovation on Proces? N Case Study: What Do VCs Think About

New Space? Interviews with Investors E
8N Waterfall Development Process E WN Case Study: The Role of Space
XN Systems Engineering Vee-Model E Agencies in Fostering the Private
<N Agile Development Processes E Space Sector
N Configuration Management E
N Technical Valuation of Development Module 8
Processes E Sustainable Development and New
WN Example: Prof. de Weck’s CSTR Spac\

Roadmap: Planet Agile (Interview with
Matt Ferrao) 8N New Space Opportunities and
Challenges E
Module 6
XN Environmental Concerns of New
Innovation on Service and Business
Space; Orbital Debris and Mitigation
Model? Efforts E
<N End-to-end Systems Analysis of Space
8N Service Systems Architecture E Mission Environmental Sustainability;
XN Traditional Business Models E United Nations Space Sustainability
<N Innovative Business Models E Ratings
N Service and Business Model Valuation E • Interviews with Prof. Danielle Wood and
N CSTR Roadmap Example: Prof. Moriba Jahi E
Telecommunications Overview a Space N Case Study: towards a Sustainable,
as a Service (SaaS) business Circular New Space Economy
proposition
Module 7
Fundraising New Space Ventures:
from Seed to IP½
8N Funding Mechanisms of New Space

Ventures E
XN Institutional Funding E
<N Private Funding: Venture Capital and
Private Equity E
N Role of Capital Markets: SPACs and
IPOs register
register
15
Certificate of Completion
All participants who successfully complete In order to obtain CEUs, participants must
New Space Economy will receive an MIT complete a required CEU confirmation form.
Professional Education Certificate of CEUs are calculated based on the number of
Completion. In addition, they will also earn learning hours in each course.
7.2 Continuing Education Units (MIT CEUs).
The Continuing Education Unit (CEU) is defined as 10 contact hours of ongoing learning to indicate the
amount of time they have devoted to a non-credit/non-degree professional development program. To
understand whether or not these CEUs may be applied toward professional certification, licensing
requirements, or other required training or continuing education hours, please consult your training
department or licensing authority directly.
16
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Alumni rated
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18
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With MIT Professional Education, you’ll have an opportunity to:
¦ Attend select live webinars ¦ Fulfill your reskilling and

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Instructors human skills necessary for
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¦ Learn from expert learning
facilitators, guest speakers, ¦ Meet and network with other
and subject matter experts program participants from all
from industries around the world.
¦ Weekly live webinars from

learning facilitators.
Clara Piloto
Director of Global Programs at MIT Professional Education
“The accessibility of the new space economy illustrates
how far we have come as a society in terms of science
and technology. New space is just the beginning of a
whole new world.”
20
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Alumni Community
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Education online courses and short-
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register
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New Space

and Business Models

so one mission builds

18 About MIT Professional Education

20 The Beyond Online Methodology

21 Benefits of Joining the Alumni Community

The Next Frontier

As an economic model, traditional space The New Space economy is global,

could be described as centralized, national, entrepreneurial, and, most importantly,

and bureaucratic. It was essentially limited accessible. It is increasingly diversified

public and private partnerships. variety of sub-sectors.

There is a truly astronomical growth in funding and investment.

connecting to the larger global economy.

New Space is experimenting with new ways of

Prof. Alessandro Golkar

potential value in 2020,

services, and satellite observation

seen space activities grow from being

solely utilized by government and

scientific interest to a mature industrial

sector providing everyday services.

as Earth observation, telecommunications,

Participants will gain an understanding that

8 weeks 8-10 hours a week Online

tailored for a broad audience that

includes engineers, entrepreneurs,

and investors who are interested in

identifying new opportunities and

trends that will be shaping the New

Space economy in the years to come.

Get to know how to manage the

emerging ecosystem of New Space

and its economy.

MIT Professional Education’s New

Space Economy course serves as

inspiration for entrepreneurs, market

insight for business professionals, and

a competitive edge for investors and

analysts following market trends.

Take advantage of the astronomic

development and value of New Space

Economy with MIT knowledge, case

studies, and industry interviews. There

is new space for innovative business

ventures out there!

01 The history and evolution of the

space sector between New Space and traditional

value chain 07 Identifying and sizing opportunities

for innovation in space activities

in New Space from technology,

product, service, and business model

04 Landscaping the New Space economy

from technical and business

perspectives development and use of New Space

Space technologies and ventures in

Entrepreneurs wanting to determine what future opportunities exist in the development of

Participants wanting to understand the key innovations in products, services, technologies,

We recommend that functional and multifunctional teams participate in the course

EU Regulatory Affairs Expert at Allegro Senior Associate at JPMorgan Chase & Co

Senior Policy Advisor at US Department of

identifying technologies and processes in

In addition to his academic career, Prof.

Innovation on Proces? N Case Study: What Do VCs Think About