"NewSpace Has Become 'All the Rage'", "A Phenomenon", Report Teal Group Analyst In Their Forecast Released Ahead of 2018 Satellite Innovation Silicon Valley Opening Tuesday, October 9, 2018 in Mountain View, California

MOUNTAIN VIEW, Calif., Sept. 10, 2018 /PRNewswire/ -- NewSpace has been described as both a movement and a philosophy, based on the idea of commercializing space – both in Earth orbit and beyond, report Teal Group analysts today in their weekly newsletter on DoD contracting, Defense Business Briefing.

"For me, it's simply private entrepreneurship finally arriving en masse and starting to take hold of an industry that has been way too complacent and conservative for decades," said Marco Cáceres, Teal Group's Senior Space Analyst and its Director of Space Studies.

Analytical forecasting firm Teal Group reports that NASA has long tried to fuel the commercialization of space, but it has had limited success because that's not what it was designed to do.

"But the space agency got it right when it decided to take a chance and invest in private space flight, by selecting SpaceX and Rocketplane-Kistler on August 18, 2006 to 'develop and demonstrate commercial orbital transportation services that could open new markets and pave the way for contracts to launch and deliver crew and cargo to the International Space Station,'" said Cáceres.

The decision to do so was made at a time when the Space Shuttle was in the process of being phased out and the US government did not have a ready replacement, reports the Teal Group.

"As it turned out," said Cáceres. "the decision paid off."

Gauging the outlook for NewSpace, Teal analysts report that in recent years, there have emerged dozens of NewSpace satellite programs aiming to build, launch and operate thousands of new satellites by the start of the next decade.

"It feels as if the industry and the market are on the verge of a major transformation and growth cycle," said Cáceres. "It feels a little like the mid-1990s, right before all those mobile LEOs starting going up. Of course, things didn't quite turn out as we expected back then.

"I think this is different."

"Meanwhile," said Cáceres, "one might want to attend 2018 Satellite Innovation Silicon Valley with its outstanding line-up of over 125 speakers, 75 exhibitors and sponsors, and more than 800 expected attendees."

(For additional information on this press release, please contact Senior Space Analyst and Director of Space Studies Marco Cáceres at [email protected] or 703-385-1992, x 104., or Defense Business Briefing Contributing Editor Douglas Cornell, at [email protected] or 703-573-5374.)

(For information on Teal Group's World Space Systems Briefing, and Worldwide Mission Model Online, both edited by Marco Cáceres, contact Teal's VP-Sales & Marketing Douglas Cornell, at [email protected] or 703-573-5374, who will put you in touch with our other appropriate sales representative in the Eastern USA and Canada, Central USA, Western USA and Far East, and Europe and the Middle East.)

Teal Group is an aerospace and defense market analysis firm based in Fairfax, Virginia USA. It provides competitive intelligence to industry and government worldwide.

SOURCE Teal Group