What Do You Know About The Space Economy?
Space exploration is making a comeback.
Bill Nye, the Science Guy, and Ms. Frizzle of Magic School Bus fame both have series featuring outer space. Venture capital firms have begun to spend more than ever before on space companies. They invested $17.1 billion in 2021, up from $9.1 billion in 2020, reported Space Investment Quarterly. And the Bureau of Economic Analysis has begun developing statistics to measure the contributions of space-related industries to the U.S. economy.
See what you know about the space economy by taking this brief quiz.
- At the end of 2021, how many active satellites were in orbit around the Earth?
- 100 to 500
- 500 to 5,000
- 5,000 to 10,000
- More than 10,000
- In 2019, a European spacecraft had to perform an evasive maneuver to avoid a collision with to a private company’s satellite. As the space economy grows and space gets more crowded, the world may need:
- Space traffic awareness
- A regulatory framework defining space rights of way
- Cooperation between multiple nations
- All of the above
- Which country has an ambitious five-year plan for spaceflight and exploration?
- United States
- Several companies are using satellite technology to search for solutions to climate issues. These companies are:
- Monitoring global emissions
- Improving agricultural crop growth
- Identifying targets for conservation and reforestation investment
- All of the above
Answers: 1) c; 2) d; 3) c; 4) d
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Weekly Focus – Think About It
“The Earth is the cradle of humanity, but mankind cannot stay in the cradle forever.”
Andrew Zittell is a Registered Representative with and securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Strategic Wealth Advisors Group, LLC a Registered Investment Advisor. Yerba Buena Financial Partners and Strategic Wealth Advisors Group, LLC are separate entities from LPL Financial.