The Growth of the Private-Sector Space Industry

HBR IdeaCast

Harvard Business Review

Leadership, Entrepreneurship, Communication, Marketing, Business, Business/management, Management, Business/marketing, Business/entrepreneurship, Innovation, Hbr, Strategy, Economics, Finance, Teams, Harvard

4.4 • 1.9K Ratings

🗓️ 29 April 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Many industries depend on the government to finance infrastructure and research before a true private market can develop. In the case of space, there is still a strong need for public-private collaboration. But as costs drop to reach space, more private-sector companies can enter the market. Matthew Weinzierl is a senior associate dean and professor at Harvard Business School, and Brendan Rosseau is a strategy manager at Blue Origin. They explain the evolving role of the U.S. government to foster innovation and competition as the space economy increasingly privatizes. They also identify the emerging opportunities for businesses and individuals. Weinzierl and Rosseau are authors of the book Space to Grow: Unlocking the Final Economic Frontier.

Transcript

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0:00.0	Hi, I'm Amy Bernstein, HBR's editor-in-chief.
0:04.0	And I'm Amy Gallo, a long-time contributing editor to HBR.
0:07.7	Along with Amy B, I host our Women at Work podcast, which now releases episodes every other Monday year-round.
0:14.2	That means more practical advice and more insights to make you feel seen and supported in your career.
0:20.7	Subscribe to Women at Work wherever you listen to podcasts.
0:41.3	Welcome to the HBR Ideacast from Harvard Business Review. I'm Kurt Nickett.
0:47.1	I'm beginning with an announcement.
0:52.1	This episode is my last episode as a regular host of the show.
0:57.1	It has been a privilege and honestly a blast.
1:02.1	Over the years, I've talked to hundreds of insightful people on the show.
1:07.1	Creators, builders, researchers, deep thinkers, future thinkers, leaders you'd love to follow,
1:15.0	managers you'd love to work for, coaches and mentors.
1:19.0	All these people have cast too many valuable ideas to count.
1:24.7	And I, with a fantastic team, have been able to engage with these ideas, interrogate them,
1:30.5	employ them, and present them in conversation to you. And I could not ask for a better audience
1:38.2	to work for. Speaking of the show, IdeaCast, it's not going anywhere. It's in the best of hands, and I'll be listening and learning and getting inspired with you.
1:50.0	Now, for today's episode, we're going to look beyond the near horizon and explore the economic frontier of space.
1:58.8	In the last decade or so, the space industry has evolved into a more privatized one.
2:05.0	Government still plays a big role in financing contracts, but increasingly, its job is to foster a
2:11.5	market where competition and innovation can flourish. This shift, generally in the U.S., from NASA doing everything to hiring
2:20.8	everything out, is creating new opportunity for businesses and individuals in their careers.
2:27.5	We're joined today by two guests who have studied the public and private sector aspects of the
	...

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