E3.3 Reflections on the Economic Impact of Profit Policies by Public Procurement Authorities in Space and Defence Programmes
Symposium: E3. 31st IAA SYMPOSIUM ON SPACE POLICY, REGULATIONS AND ECONOMICS
Session: 3 – Space economy – Stimulating measureable economic activities through space policies and budgets
Room: CCB Franzius
Technological advancements from diﬀerent sectors feed into the space sector. Innovative and lower cost applications of space are emerging together with new business models, making investment in space more attractive and lucrative. Consequently, there has been a rapid growth of private and non-space commercial ﬁrms taking on a greater proportion of space-based activity during the last years, boosting as such the economic impact of space activities. In this context, public procurement authorities may need to evolve to be able to partner eﬀectively with new (and old) space Industry players to consider their return on investment expectations whilst preserving the best value for public expenditure and maintaining an environment for economic growth.