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Capturing the innovation of space across all industry sectors

Harmony Internal - McKinsey

McKinsey & Company

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Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities

New from McKinsey & Company

Capturing the innovation of space across all industry sectors

Thanks to lower costs and greater access, space is no longer the sole domain of large aerospace companies or public agencies with vast budgets, writes senior partner Ryan Brukardt . It’s a place that can deliver many benefits—both on Earth and in orbit—to almost any business sector. How and when should companies take advantage of their greater access to space and pursue emerging use cases? Check out these insights to understand benefits of the space economy and its emerging opportunities, learn more about McKinsey’s ongoing strategic partnership with the World Economic Forum, and bookmark this page for daily #WEF23 updates featuring crucial insights on the key themes at Davos.

How will the space economy change the world?

Space is no longer the sole domain of governments and aerospace and defense companies. Businesses that pursue emerging opportunities now may gain a first-mover advantage.

Discover what’s ahead

Image of the earth

The role of space in driving sustainability, security, and development on Earth

A new report reveals five actions that leaders can take to contribute to economic development, advance global security and sustainability, and make space a safe and globally accessible domain.

Shoot for the stars

The horizon line of planet Earth as seen from space

A different space race: Raising capital and accelerating growth

As innovation accelerates within the space sector, companies may benefit by taking a disruptor’s mindset to accessing and deploying capital.

Boost organic growth

Artificial Intelligence concept. Deep learning. Mindfulness. Psychology.

McKinsey Technology Trends Outlook 2022

Which technology trends matter most for companies in 2022? New analysis by the McKinsey Technology Council highlights the development, possible uses, and industry effects of advanced technologies.

Make the most of them

illustration of Lisa Callahan

Laying the foundations for a space economy

Space already plays a larger role in our lives than we realize, and it’s only going to grow as new technologies and innovations open up unimagined economic opportunities.

Imagine the future

Image of a space suit

The future of space: It’s getting crowded out there

Could you soon be taking trips to outer space? Some experts think so. Rocket launches have become much less expensive, so thousands more satellites—and many more people than ever before—can venture into orbit. But more objects in space also mean more space debris and higher risks of collisions.

Watch this space

Ryan Brukardt and Jesse Klempner illustration

Why on earth should business care about space?

Two decades of technological innovation have unlocked a wealth of space-based opportunities for commercial entities to offer once-unimaginable services.

Listen to the podcast

Map of the planet representing a global social network

Space around the globe

The United States remains the epicenter of space activity, but many more countries are getting involved and increasing their investments.

Make progress

Mars exploration pushes the boundaries of AI: An interview with NASA’s Vandi Verma

Take a seat at Mission Control as NASA’s Vandi Verma details the AI and software powering the Mars rovers and how her field of robotic operations has advanced over the past 20 years.

Learn about AI on Mars

The potential of microgravity: How companies across sectors can venture into space

Should you move your R&D and manufacturing into the ether? A new McKinsey analysis explores the opportunities.

Embark on a new frontier

To see more essential reading on topics that matter, visit McKinsey Themes.

— Edited by Eleni Kostopoulos, managing editor, New York

McKinsey & Company

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by "McKinsey & Company" <publishing@email.mckinsey.com> - 10:25 - 20 Jan 2023