in

NewSpace CEO Dylan Taylor Inspires Democratization in the Burgeoning Space Industry

Today’s NewSpace sector is still in its infancy

Today’s NewSpace sector is still in its infancy, but promising innovations are helping to spearhead crucial missions that can take us back to the Moon and beyond. As private investors continue to fund nascent startups in the NewSpace industry, the possibility of building a fully-functional space economy that can host more than just astronauts in space.

While the industry continues to grow, it currently lacks scale and the barrier to entry remains high for everyday investors. Dylan Taylor, one of the most active, is one space pioneer who has helped pave the way for other investors in today’s fragmented space exploration feld.

As the CEO and Chairman of Voyager Space Holdings, a multinational space holding frm, he knows frsthand the expertise needed to scale the industry, and what can eventually make NewSpace accessible to more investors and everyday people alike.

Growing Interest in the Space Sector

On CNBC, Taylor discussed how investing in the industry can be a good move, especially during economic volatility. According to Taylor, space opportunities abound in government partnerships and annuity-based contractual agreements, which are easier to

capitalize upon. Such opportunities in the space industry have become an attractive option for many investors and entrepreneurs.

Recently, Dylan Taylor told Cheddar that a whole new era has opened up thanks to rocket reusability and low-cost launch and fnancial innovation in the sector. According to Taylor, large-scale companies like Blue Origin and Virgin Galactic ofer exciting opportunities within space tourism, a subsection that could herald more interest from retail investors and everyday people.

On his recent appearance on the Source Code podcast, Taylor cited how developments were fostering a booming space economy, discussing how the industry continues to prosper as companies and governments create new ways to send people into orbit. As they attempt to fgure out what space tourism might involve in the future, advances are underway.

Space researchers, scientists and engineers are focusing on designing space hotels, testing what life might look like on Mars and focusing on training several astronauts in a really short time. The key, of course, is to decrease the cost of a spacefight ticket down to a price more than only a handful of people can aford, which could help democratize the sector and beneft returns for investors.

The Space Sector is for Everyone

Taylor says that while it’s currently difcult for a typical investor to gain exposure to investing within the space industry, large-scale ETFs like Virgin Galactic that have merged with social capital are looking to go public on the NYSE.

Space, Taylor argues, should be accessible to everyone. It’s one reason why his company Voyager Space Holding’s business strategy difers from traditional private equity models.

His desire to democratize space as the industry grows can only magnify the impact space can have on our everyday lives. As long as space players can continue to innovate spacefight technology and foster resources that can help ordinary citizens earn the opportunity to see and experience space travel.

In Taylor’s view, it’s important that reaching the fnal frontier becomes a global movement for all humanity. Therefore, we must democratize it for both retail investors and everyday citizens so they can participate in what’s expected to be a trillion dollar industry by 2040.

As the focus on space exploration grows and nearly every sector on Earth becomes involved in some form within the NewSpace arena, Dylan Taylor’s prediction on its

popularity rings more true than ever before: “Everyone is in the space industry, they just don’t know it yet.”

To hear more about Dylan’s insights on the space sector, check out his other podcast and media appearances on DylanTaylor.org.

Avatar

Written by Glitch Digital

Different Types Of Ropes You Can Consider For Outdoor Use

Model and Entrepreneur Tiffany “Keiko” Hatano Finds True Connection in Humanitarian Work