New Space – new dynamics in space exploration. TAB-Fokus

New Space refers to dynamics of innovation in space exploration that are driven by the private sector. New business areas are emerging due to an easier access to
and use of space. Around the world, there are different approaches to encourage the development of New Space companies. In this context, national space agencies play a central role.
The German space and New Space ecosystem is considered an innovation driver and technology developer for European space exploration. In international comparison, however, its competitiveness is less pronounced. A lack of venture capital, unclear regulatory framework conditions and insufficient transfer of technologies and data to non-space industries hinder growth in the space industry through New Space players.
New financing instruments, a national space law as well as the consideration of the specific dynamics and requirements of space companies in political strategies might strengthen the New Space sector and the space industry in Germany.