In-Space Manufacturing: An Evaluation of the Economic Viability

In an ever-evolving global economy, in-space manufacturing is emerging as a frontier for unprecedented opportunities and challenges. This research paper analyzes the in-space manufacturing economy, exploring its significance and role within the current global economic landscape. Utilizing a qualitative methodology, the study provides a holistic view of the economic evolution, spotlighting the technological transition and shift towards contemporary and futuristic economic paradigms. It identifies the space economy as an emerging economic opportunity characterized by global security tension, financial pressures, and the pursuit of economic diversification. The research highlights the escalating global competition within the space sector, emphasizing its rapid expansion and broader socio-economic implications. Preliminary findings underscore the critical role of advanced technologies, space tourism, and the investment of private sector actors such as SpaceX and BlueOrigin, illustrating a significant shift towards technology-driven commercial dominance in the space economy. This paper is part of an ongoing work to develop and advance in-space manufacturing. It contributes to the strategic implications of space exploration by advocating for a robust regulatory framework to ensure sustainable development. It also mitigates space exploration risks across social, economic, military, and security dimensions. This economic analysis elucidates the space economy's pivotal role in shaping future economic development and international collaboration, offering a reference source for policymakers, industry stakeholders, and academic researchers.