The launch of Sputnik in 1957 started a space odyssey that has since then made rapid progress. Humans have landed on the Moon, explored the borders of interstellar, and soon may take vacations in space!
However, the inventions of space exploration have impacted life on Earth too. From laptops to CT scans, safer air travel to better water filtration, space has touched life on Earth in more ways than we can know.
Various states have replaced unilateral activity with co-operation, international, and contractual cooperation, and there is an increasing trend toward private commercialization, especially due to the commercialization of space and the resultant reduced cost barrier to entry. They have taken different approaches to space activities resulting in new ideas at a rapid pace on how space can and should be commercialized. Private companies such as Space X, Blue Origin, and Virgin Galactic have initiated several space launches. SpaceX is testing Starship, a fully reusable spacecraft designed to carry crew and cargo to the Earth’s Orbit, the Moon, Mars, and beyond and most recently, India had its first successful rocket blast off by an Indian Space-Tech startup. The time for space tourism is ripe too as several companies race to make common folks astronauts for a day.