"Space, the final frontier. These are the voyages of the Starship Enterprise. Her five year mission to explore strange new worlds, to seek out new life and new civilization, to boldly go where no man has gone before." – Opening Narrative on the Star Trek Series.
Every once in a while I like to look out 10-50 years…and sometimes 100-200 years. It’s fun to think what life will be like for our great, great grandchildren. What will their leisure time be like for them? Sports? Entertainment? Electronics? What business will be like?
When I think out that far, I really wonder what the main drivers of mature economies will be. As a human race, we’ve moved from an agrarian society to industrial and now to information/service based economies. What will be the next wave? Most likely it will involve nanotechnology, medical science, and, perhaps, space travel. Yes, space travel.
Whenever I brainstorm about 100-200 years out, I always start to think about what impact space travel and exploration will play in future business. I grew up during the early days of Star Trek, the series. I was fascinated by the series and it really got me thinking about the future.
Since the dawn of space exploration began about 50 years ago, it has been the sole effort of governments and the resulting governmental bureaucracy. But that’s changing, as we are starting to see a new breed of entrepreneurs and big businesses alike looking to exploit the many commercial opportunities in outer space. Their plans range from the mundane to the fantastic. Whether or not any of these projects come to fruition may be debatable, but one thing is for sure: Plenty of money will be spent trying to get them off the ground.
For the next post, I will blog about some of the potential space related business opportunities that may materialize in the next 10-50 years.