Is newspace from Mars and oldspace from Venus? The incumbent space players have been slow to embrace the potential of newspace. Reversely, newspace players have long thought they could succeed without the “old guard”. Both sides have started to understand they belong to the same sector.
I have written an article in Satellite Finance to address the questions still heard within the established community: Why do we need the startups? How do we cooperate with them and who should we work with?
My conclusion is that oldspace can harness the energy of newspace to face its own challenge of sustainability. Yet, this requires a radical shift from its inward tendency, as oldspace must acknowledge that part of its future depends on smaller, faster and different entities: start-ups and investment funds.