According to Space Frontier, the definition of NewSpace is:
`People, businesses and organizations working to open the space frontier to human settlement through economic development.`
According to SpaceTech Partners, NewSpace is:
`.. the emergence of the private spaceflight industry. New space ventures are increasingly created, such as private launch companies, small satellite constellations, or sub-orbital tourism, as well as more specific efforts to reinvent the traditional space industry supply chain.`
For the purposes of simplifying and not complicating the definition, I would say : NewSpace is non-traditional space players making and/or engaging in activities that make space flight, space applications or space activities faster and cheaper.
What is your definition of NewSpace?
Written by Helen Tung
Emergent Tech Advisor/MINERVA Fellow