Close Menu
The Financial News 247The Financial News 247
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
What's On

Grocers file antitrust suit to block Mamdami admin’s plan for NYC-owned supermarkets: ‘Predatory pricing’

September 9, 2026

Elon Musk threatens to sue over Alex Gibney’s controversial documentary

September 9, 2026

LA’s Lucas Museum sued by contractor over $30-a-year state land deal

September 9, 2026

Ford under fire from GOP, Trump administration over China ties

September 9, 2026

Trump claims oil, gas prices will fall ‘right after’ midterm elections

September 9, 2026
Facebook X (Twitter) Instagram
The Financial News 247The Financial News 247
Demo
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
The Financial News 247The Financial News 247
Home » IEEE SPACE Conference Showed How Outer Space Industry Can Prosper

IEEE SPACE Conference Showed How Outer Space Industry Can Prosper

By News RoomJuly 21, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn WhatsApp Telegram Reddit Email Tumblr
IEEE SPACE Conference Showed How Outer Space Industry Can Prosper
Share
Facebook Twitter LinkedIn Pinterest Email

I attended the IEEE Space, Aerospace and defenCE (SPACE) conference in Bangalore India the last few days. While I was one of the 3 IEEE P’s (President and Past President) in 2024 and 2025 I attended and spoke at the first two of these conferences. The 2026 conference is the third event. I attended as one of the chairs of the IEEE SpaceTech initiative, which seeks to create relationships inside and outside of the IEEE in order to develop the technologies and relationships needed for the humanization of space.

The IEEE SPACE conference has been growing each year, with most attendees from India, but with many participants from other countries as well. The conference was fully supported as an IEEE Aerospace and Electronics Systems Society, AESS, event. Next year the SpaceTech conference will be held in Singapore in early July. The intent of holding the event in Singapore is to create more of an international event, pulling in organizations working on the development of outer space from throughout Asia and other countries as well. Our IEEE SpaceTech initiative is planning on participating in the 2027 event.

While I was in Bangalore for the conference a private Indian company, called Skyroot successfully launched its Vikram I rocket and delivered a satellite into low earth orbit, see the image of the launch below. Several talks at the conference mentioned this launch, which the Indian space participants were very proud of.

The successful Skyroot launch shows that the number of private launch services is increasing worldwide. Because of regular private launch services, such as SpaceX, the price of delivering payloads to outer space, particularly low earth orbit, has fallen and with larger reuseable vehicles these costs are projected to drop even further, from $1,400-$1,500/kg for a dedicated flight on a Falcon Heavy to less than $200/kg projected for the SpaceX Starship. With the growth of competitive launch services, these costs will drop even further.

Lower launch costs will lead to doing more in space, likely with physical AI (autonomous and semi-autonomous robots), such as manufacturing of various products including those to further build out space infrastructure, mining the moon and asteroids and launching and maintaining space-based data centers that will enable management of this automated space infrastructure. Space exploration and space scientific work will also benefit, with for instance, more science projects and various types of astronomy, including large scale gravity wave telescopes.

Human spaceflight will also benefit from lower launch costs, but the biggest gains, I believe will come from creating industry in space and thus ensuring a long-term human presence in space.

It is for these reasons that the IEEE SpaceTech initiative was started this year. IEEE has members and activities representing almost every technology used in space development and who are from countries all over the world. IEEE can help with international consensus standards for space communications, traffic control and debris management in space, and on the use of AI and physical AI (robotics) in space, to establish best practices and to enable an active and competitive marketplace.

IEEE can also help with convening and bringing together experts from all over the world to come together and talk about how to apply technology to enable the development of the space and inform international public policies around the world.

IEEE is creating a SpaceTech committee to bring together experts, companies and governments to enable the humanization of outer space. The 2026 IEEE SPACE conference in India demonstrated how this can be done.

AESS data centers in space IEEE IEEE SPACE Conference India outer space Physical AI Skyroot space Vikram I
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related News

Why Your Security Stack Was Never Built For This

September 9, 2026

Work Has A Supply Chain Problem. AI Just Made That Problem Urgent

September 9, 2026

Enterprise AI Doesn’t Need A Bigger Brain; It Needs A Confidence Gate

September 9, 2026

The First Trillion-Dollar Spend Without A Mature Measurement Layer

September 9, 2026

Why Your AI Guardrails Are Only As Real As Your Runtime Visibility

September 9, 2026

Why Payment Speed Alone Won’t Differentiate Your Business

September 9, 2026
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Elon Musk threatens to sue over Alex Gibney’s controversial documentary

Business September 9, 2026

Elon Musk is threatening to sue over documentarian Alex Gibney’s new movie about him, saying…

LA’s Lucas Museum sued by contractor over $30-a-year state land deal

September 9, 2026

Ford under fire from GOP, Trump administration over China ties

September 9, 2026

Trump claims oil, gas prices will fall ‘right after’ midterm elections

September 9, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks

Treasury reveals $6B in debt buybacks, triple the normal level – but markets slump

September 9, 2026

Apple unveils $1,999 foldable ‘iPhone Duo’ as new CEO John Ternus takes reins

September 9, 2026

Why Your Security Stack Was Never Built For This

September 9, 2026

Why that Elizabeth Holmes Netflix clip is so excruciating, according to expert

September 9, 2026
The Financial News 247
Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact us
© 2026 The Financial 247. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.