Principal Investigator Olivier de Weck
The new space economy is currently experiencing a rapid expansion, with a compound annual growth rate estimated between 7% and 11%. This significant growth encompasses an increasing number of launches, with projections indicating daily launches to space by 2027, as well as a substantial rise in the number of operational satellites. This presentation will provide an overview of the new space economy and elaborate on its co-existence with the traditional government-driven space enterprise. One of the direct consequences of this growth is an increase in the resident space object (RSO) population, underscoring the critical need for enhanced and improved Space Situational Awareness. We will demonstrate how the integration of ground-based radar and optical observations with on-orbit optical sensing can lead to more effective decision-making for collision avoidance maneuvers and other crucial operational considerations.
Reaching Earth's orbit is an extremely energetic event. To remain in orbit requires a velocity of about 8 km/s, which corresponds to a specific energy of 30 MJ per kilogram. Since 1957 humans have been able to launch themselves as well as artificial satellites into orbit at increasing frequencies. This talk will give an update on the current state of launch vehicle technologies and this important and enabling part of the space sector. In 2023, for example, there were 222 launch attempts worldwide, of which 95% were successful. Assuming a CAGR of 12%, we predict that by 2027, there will be daily launches to space from somewhere on Earth's surface. This talk will summarize some of the physics, technologies, and economics of the launch vehicle industry.
Developing and Managing a Successful Technology Strategy
MIT Production in the Innovation Economy Study: Lessons Learned in the Epoch of COVID-19
Olivier de Weck Professor of Aeronautics & Astronautics and Engineering Systems