Jessica Frick's company, Astral Materials, aims to create furnaces in space to manufacture high-quality materials that are crucial for industries such as medicine and semiconductors. Leveraging microgravity, these processes can produce superior products compared to Earth. Progress in space manufacturing has been slow historically, but recent advancements in launch costs and return techniques are sparking renewed interest. Experts predict the space economy could reach trillions by 2035, with in-space manufacturing constituting a significant segment, potentially valued at around $100 billion.
We're building a box that makes money in space.
The anticipation is that the global space economy is going to be a multitrillion-dollar industry, of which in-space manufacturing is probably in the region of about $100 billion.
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