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Space race comes with new solutions and challenges, say experts

Chloe Lim
Chloe Lim • 9 min read
Space race comes with new solutions and challenges, say experts
(From left): Hélène Huby; Flavia Tata Nardini; and Danielle Wood / Photo: Bloomberg
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Business leaders and global innovators are always on the lookout for the next big investment. These days it is likely to be something out of this world.

The space industry with its expeditious rise in recent times has caught the eyes of investors worldwide, particularly with the widespread commercialisation opportunities it presents.

Big billionaires have lost no time jostling for pole position in the space race, like Elon Musk and SpaceX, his multi-million spacecraft manufacturer and satellite communications corporation, which was the first private commercial company to successfully launch a spacecraft and return it to Earth in December 2010.

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