When Space is Privatized and Commercialized

On December 25, 2021, NASA successfully launched the James Webb Space Telescope (JWST), the most powerful space telescope ever created, which promises to completely transform the way we study the cosmos. Looking up at the stars last night, I couldn’t help but think about what we might learn from JWST’s ability to look back toward the beginning of time. What will 13.8 billion-year-old light look like? Will the observations match the mathematical predictions? Will we be closer to understanding where we came from?

While reading about the space program, I learned that the International Space Station will be decommissioned within a few years and, instead of replacing it, NASA plans to rent space on private commercial space stations.

If the economic incentives are out there (and it is likely that they are), we are just a few decades away from unregulated (and unregulatable) exploration and exploitation of the “final frontier.” I’m not sure whether to be excited or scared.

Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications, co-founder of Metacademy, and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and his latest book, Blockchain - Cryptocurrency, NFTs & Smart Contracts: An executive guide to the world of decentralized finance, is an Amazon #1 Bestseller. Follow @shellypalmer or visit shellypalmer.com.

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