space industry

The space industry involves the development, launch, and management of objects and systems that operate beyond Earth's atmosphere. It includes satellite technology for communication, navigation, and weather forecasting, as well as space exploration missions and potential future activities like asteroid mining or space tourism. Companies and governments collaborate to design rockets, spacecraft, and infrastructure to explore or utilize outer space, which offers scientific insights, economic opportunities, and strategic advantages. The industry combines advanced engineering, science, and regulatory oversight, playing a vital role in advancing technology and addressing global challenges through innovations in space-based applications.