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ARTICLE · 05 APRIL 2023

Resolving Space Conflicts Through Arbitration: A Path To Profitable Investment In The Stars

Mayer Brown
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The commercial space age is now well and truly underway. This is evidenced both by the increasing publicity surrounding the growing number of privately initiated space-based endeavours...

United KingdomLitigation, Mediation & Arbitration
Rachael O’Grady
Rachael O’Grady
Rhys Morgan
Rhys Morgan
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The commercial space age is now well and truly underway. This is evidenced both by the increasing publicity surrounding the growing number of privately initiated space-based endeavours, undertaken by companies such as SpaceX, Blue Origin and Virgin Galactic, as well as by the exponential growth of the sector as a whole. Morgan Stanley has estimated that the space industry, worth an annual $350m in terms of revenue in 2019, is to hit a turnover of between $1 to $1.7 trillion by 2040.

That the space industry appears to have crossed an inflection point in its growth rate is a result, in part, of a number of significant technological advances with impressive cost implications. These include updates in rocket technology that have reduced costs for low-Earth orbit launches from $65,000 per kg to just $1500 per kg – a 97.7 percent decrease (Aerospace Security), developments in mobile telecommunications technology that have reduced the cost of satellites from as much as $400m

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