Concept information
Preferred term
commercialization of space
Definition
- The commercial use of outer space centers around the commercial applications of satellite technology, along with a growing space tourism industry. The exploration of space began with communications satellites—Sputnik, the Soviet satellite launched in 1957, was equipped with radio transmitters, as was the American satellite that followed the next year—and they remain the primary focus of commercialized outer space. [Source: Encyclopedia of Business in Today's World; Commercialization of Space]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/commercialization_of_space
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