Currently valued at €300bn, the global space economy could grow to as much as €1trn by 2040.

The exponential growth of the commercial dimension touches all space sectors, with a strong push on the EO commercial market. While still largely relying on government funding and investments, commercialisation is progressing rapidly.

New companies with high levels of private capital, the use of new technologies and business philosophy, and the convergence with the IT sector form the basis of what is called "New Space”.

The panel will focus on the entrepreneurial journey of leading actors in the New Space ecosystem, the challenges and the lesson learned as well as the present and future role of ESA in the scaling up of the business.

Held on 23–27 May 2022 in Bonn, Germany, the Living Planet Symposium brings together scientists and researchers, as well as industry and users of Earth observation data, from all over the world to present and discuss the latest findings on Earth science and how satellite data support environmental research and action to combat the climate crisis. The symposium also focuses on emerging space technologies and the new opportunities emerging in the rapidly changing sector of Earth observation.

Click here for more videos from the Living Planet Symposium 2022.