Most board-level conversations about space start in the wrong place: the rocket. The value is somewhere else entirely.
By Tomás Hedlund
Ask a board what the space economy means and you will usually hear about launch. Launch is roughly a tenth of the money and almost none of the margin.
The interesting question for a bank, an insurer or an industrial group is not whether to invest in orbit. It is which of their existing decisions are now improvable with data that did not exist five years ago.
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