Skip to main content
CLOSE

Charities

Close

Corporate and Commercial

Close

Employment and Immigration

Close

Fraud and Investigations

Close

Individuals

Close

Litigation

Close

Planning, Infrastructure and Regeneration

Close

Public Law

Close

Real Estate

Close

Restructuring and Insolvency

Close

Energy

Close

Entrepreneurs

Close

Private Wealth

Close

Real Estate

Close

Tech and Innovation

Close

Transport and Infrastructure

Close
Home / News and Insights / News / The sky is the limit for billionaire space travel

Space ventures have been ongoing for much of the last half-century amongst governments, and more recently, amongst the rich and famous, including Elon Musk, Jeff Bezos and Sir Richard Branson.

Their commercialised space programmes are becoming an expectation rather than imagination, from colonising the Moon to commercialising flights to Mars and luxury suborbital flights, which are expected to be rolled out in the next few years. With plenty of ambition and endless resources between them, a healthy level of competition promotes greater innovation, whilst simultaneously streamlining efficiency and safety.

Billionaires aside, governments have been developing their own technologies to keep up with the space race. The UK is one of the leaders in space industry and satellites, and in particular has been a dominant force in developing the EU’s global navigation satellite system, more commonly known as the Galileo project. With Brexit in mind, Theresa May has announced the enactment of the new Space Industry Act and £92 million being set aside to fund an ambitious British equivalent satellite project, which is seen as an increasingly vital investment for general navigation, commercial and military applications. It is expected that this project will offer plenty of opportunities in terms of jobs and million-pound contracts to British space companies.

Space exploration has paved the way for countless opportunities and breakthroughs to flourish; British space companies have plenty to look forward to. From scientific and technological developments to health and safety risks and environmental issues, governments and billionaires alike must strike a balance between these going forward.

Related Articles

Our Offices

London
One Bartholomew Close
London
EC1A 7BL

Cambridge
50/60 Station Road
Cambridge
CB1 2JH

Reading
The Anchorage, 34 Bridge Street
Reading RG1 2LU

Southampton
Grosvenor House, Grosvenor Square
Southampton SO15 2BE

 

Reading
The Anchorage, 34 Bridge Street
Reading RG1 2LU

Southampton
Grosvenor House, Grosvenor Square
Southampton SO15 2BE

  • Lexcel
  • CYBER ESSENTIALS PLUS

© BDB Pitmans 2024. One Bartholomew Close, London EC1A 7BL - T +44 (0)345 222 9222

Our Services

Charities chevron
Corporate and Commercial chevron
Employment and Immigration chevron
Fraud and Investigations chevron
Individuals chevron
Litigation chevron
Planning, Infrastructure and Regeneration chevron
Public Law chevron
Real Estate chevron
Restructuring and Insolvency chevron

Sectors and Groups

Private Wealth chevron
Real Estate chevron
Transport and Infrastructure chevron