In a presentation in Sydney last night at The Warren Centre’s Innovation Lecture, The Spaceship Company’s Enrico Palermo outlined the opportunity for Australia to play a leading role in the rapidly expanding space travel market.
3 September, 2014
“Australia has a number of natural advantages. The climate is good, there is open space, and we have the intellectual brain power to build it”, said Enrico Palermo, Vice President of Operations for the Virgin Galactic subsidiary The Spaceship Company.
Space industries are at an inflexion point that we will never again witness according to Enrico. The growth in space tourism, exploration, experimentation and satellite launches will escalate over the next few years. Led by the private sector, new entrants are accelerating commercialisation in the market with substantial capital to develop programs.
Countries that enable market development with the right regulatory frameworks are positioned for a new wave of growth and prosperity, and there is no reason why Australia shouldn’t be a part of this.
“The intellectual capability in Australia should be leveraged to ensure we capitalise on major global opportunities such as the space industry. This is a once in a generation opportunity which will provide a foundation for future growth and prosperity”, said Ashley Brinson, Executive Director of the Warren Centre for Advanced Engineering.
The Warren Centre’s Beyond Earth lecture series runs from 2-9 September 2014, with follow-on events throughout 2014.