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ONLINE COURSE

New Space Economy:

Technologies, Products, Services, and Business Models

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Why enroll in this course?

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Investigate case studies employing an industry and systems engineering perspective for the development of new space products and services.

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Develop new business opportunities involving New Space technologies while understanding the impact that the space industry has on non-space-related ventures.

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Identify key trends and potential implications for future advancement in space technology and exploration by analyzing the space sector's most important innovations.

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Engage in two live sessions with MIT instructors, and up to eight live sessions with learning facilitators, industry experts, and peers.

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Networking opportunities establish professional connections with industry experts and your cohort.

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Access to rich supplementary resources provides additional materials and content for a more thorough educational journey.

Certificate

Certificate

All the participants who successfully complete their program will receive an MIT Professional Education Certificate of Completion, as well as Continuing Education Units (CEUs)*.

To obtain CEUs, complete the accreditation confirmation, which is available at the end of the course. CEUs are calculated for each course based on the number of learning hours.

*The Continuing Education Unit (CEU) is defined as 10 contact hours of ongoing learning to indicate the amount of time they have devoted to a non-credit/non-degree professional development program. To understand whether or not these CEUs may be applied toward professional certification, licensing requirements, or other required training or continuing education hours, please consult your training department or licensing authority directly.

Course outline

The New Space Economy is global, entrepreneurial, and, most importantly, accessible. It is increasingly diversified and expanding with private players across a variety of sub-sectors. There is a truly astronomical growth in funding and investing. This has been made possible because the New Space Economy is finally connecting to the global economy.

  • Definition of New Space and the New Space economy

  • How has New Space impacted our society?

  • What Are the Future Opportunities for New Space Development?

  • What Challenges Are Associated with the Evolution of New Space?

  • Case study: The Rise of SpaceX, Blue Origin, and Others in the New Space Economy

  • The Space Race (1957-1980s)

  • The International Collaboration Era (1980s-2000s)

  • Commercial Space: NASA’s COTS Course (2006-2013)

  • New Space: First Private Investments in the Space Sector (2013-today)

  • Space going forward (2022-beyond)

  • Case Study: The Role of Space Agencies in Fostering the Private Space Sector

  • Space Mission Value Chain Overview

  • Upstream Segment

  • Midstream Segment

  • Downstream Segment

  • Vertical Integration: Challenges and Opportunities

  • Example: Comparing New Space Mission and Traditional Space Mission Value Chains

  • Comparison of Government Earth Observation (Copernicus incl. Sentinel) vs. Planet (Doves, Skysat)

  • New Space Stakeholder Analysis

  • New Space Vs. Traditional Space: Key Analogies and Differences

  • Case study: Planet Constellation Vs. Copernicus for Earth Observation

  • Product Development Lifecycles

  • Design for Performance Vs. Design for Cost Vs. Design for End-User Needs

  • “One off” Vs. Iterative Development Cycles

  • Technology Insertion and Technology Risk Management

  • Launch Industry Innovation (Rocket Lab, Astra, Virgin Galactic)

  • Waterfall Development Process

  • Systems Engineering Vee-Model

  • Agile Development Processes

  • Configuration Management

  • Technical Valuation of Development Processes

  • Example: Prof. de Weck’s CSTR Roadmap: Planet Agile (Interview with Matt Ferrao)

  • Service Systems Architecture

  • Traditional Business Models

  • Innovative Business Models

  • Service and Business Model Valuation

  • CSTR Roadmap Example: Telecommunications Overview of Space as a Service (SaaS) business proposition

  • Funding Mechanisms of New Space Ventures

  • Institutional Funding

  • Private Funding: Venture Capital and Private Equity

  • Role of Capital Markets: SPACs and IPOs

  • Case Study: What Do VCs Think About New Space? Interviews with Investors

  • Case Study: The Role of Space Agencies in Fostering the Private Space Sector

  • New Space Opportunities and Challenges

  • Environmental Concerns of New Space; Orbital Debris and Mitigation Efforts

  • End-to-end Systems Analysis of Space Mission Environmental Sustainability; United Nations Space Sustainability Ratings

    • Interviews with Prof. Danielle Wood and Prof. Moriba Jahi E

  • Case Study: Towards a Sustainable, Circular New Space Economy

Who is this online course for?

  • Engineers who want to understand the key engineering drivers for New Space products and technologies.

  • Engineering managers interested in analyzing New Space products and technologies from a systems engineering perspective, and how they compare with traditional space analogs.

  • Entrepreneurs wanting to determine what future opportunities exist in the development of New Space.

  • Investors who desire to understand the key differences between New Space and traditional space from the perspective of stakeholders and their needs, as well as from a technology, product, service, and business model standpoint.

  • Participants wanting to understand the key innovations in products, services, technologies, and business models in shaping the New Space economy.

Instructors

MPE - Faculty - Alessandro Golkar
Prof. Alessandro Golkar

Professor in Space Technology

MPE - Faculty - Olivier Weck - 1
Prof. Olivier De Weck

Professor of Aeronautics and Astronautics and Engineering Systems, MIT

This course was a transformative experience for me. Having spent the last two decades in the space industry, I had accumulated a wealth of knowledge and experience, but this course helped me connect the dots in a way that I had never imagined. It provided me with a fresh perspective on shaping the future of the space economy. The course content was not only comprehensive but also forward-thinking, aligning perfectly with the rapidly evolving landscape of space activities and commercialization. It encouraged innovative thinking and emphasized the importance of collaboration and entrepreneurship in the new space era. I can confidently say that this course has given me a fresh perspective on my career and has equipped me with the tools and knowledge needed to actively contribute to shaping the new space economy. I would highly recommend this course to anyone looking to be at the forefront of the space industry's future.
Ammar Al Rawahi
Space Projects Consultant,
National Center for Space, Advanced Technology and AI

MIT Professional Education in Numbers

+60K

Participants in our courses

+155

Countries represented by our participants

92%

Rate the experience as extraordinary

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