// ORBITAL LOGISTICS AND PROPULSION TERM
Commercial Space
The part of the space industry run by private companies rather than government agencies, focusing on profit-driven activities like launching satellites or providing space-related services.
TECHNICAL DEFINITION
Commercial Space refers to the private sector's involvement in space activities, encompassing ventures from launch services and satellite operations to space tourism and resource extraction, driven by market demand and profit motives.
BACKGROUND
Space economy refers to the set of activities, industries, technologies, services, and resources that generate economic value through the space exploration, understanding, management, and exploitation of outer space.
READ MORE ON WIKIPEDIASYNONYMS & ALIASES
- Private Space
- Space Commerce
- Commercial Aerospace
- Space Industry (Private)
USAGE NOTE
This term highlights the growing shift from government-led to privately-funded space endeavors.