Space-Related Business: Space Race and Mining Asteroids

space-related business: Tech giants and startups pursuing bold plans such as selling space tourism, mining asteroids and beaming giant adverts into the skies are winning millions in investment with pledges to bring the stars into reach, according to Global Times China. Annual revenues from space-related business - currently worth 350 billion - could nearly triple in size by 2040, estimates US investment bank Morgan Stanley. Photo VCG Half a century after astronaut Neil Armstrong became the first man on the moon, a new space race is underway to exploit the skies for commercial profit. But the rapid growth of a market with seemingly boundless potential has sparked concerns about a lack of laws and potential conflicts over resources, prompting calls for more rules to govern humanity's use of the cosmos. Our company vision is to extend human presence into outer space. By 2040 we believe there will be 1,000 people living and working on the moon and 10,000 annual visitors, said Aaron Sorenson, a spokesperson from the Japanese lunar exploration startup iSpace Inc. (news.financializer.com). As reported in the news.