Privatization In Space

Labeed Abdal

Space exploration took the next step toward the modernization of travel, getting closer to a world where spacecrafts take man into space for vacations.

Some mega corporations are heading to space to expand their types of services, including discovering new energy sources as well as minerals. Their hope is that through their commercial activities they can help mankind and earth by exploring space and invest in areas that might be privatized by governments.

Although in space there is still an ongoing type of cold war, space is now being used by the travel industry as a new destination.  By using private rockets, which are an advancement in space transportation technology, private companies look to begin a new era in travel.

Also, companies are trying to minimize the cost of escaping gravity  by expanding their range of services  to include chemical, biological and physical experiments in space labs. Additionally, they have considered returning damaged satellites to earth from space for service in specialized space  garages and even provide  service to support  radio, TV, GPS, solar power transmitters and early  environmental monitors  to avoid natural disasters. All of these services can be potential investment opportunities in the private or public sector.

Space exploration has the potential of discovering undiscovered facts about space. We may find new minerals and new precious materials. These discoveries may take us by surprise and possibly add new possibilities in solving many problems on earth such as hunger, increasing population and the Ozone hole problem.

By Labeed Abdal
local@kuwaittimes.net

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