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Space industry gains major investors; Why do companies urge to partner with NASA?

The space industry race has begun, and the technology sector can be pretty selective! For example, Microsoft, Amazon, and IBM have invested, catering to private and public space tech companies.

Google, on the other hand, is sparsely contributing. Meta and Apple have a negligible presence in space technology; they are primarily involved in the arts and entertainment.

Space Industry Rise

In 2017, SpaceX and Google announced a partnership to launch the most significant space project ever, which in 2021 was revealed to be the installation of Starlink ground stations at Google’s data centers.

Nothing significant has been revealed thus far. Except for Google Sky, a celestial map that displays objects such as stars, constellations, galaxies, planets, and the moon of Earth, and Rubin Observatory, which uses Google Cloud, the tech giant has not made any significant advances in the space tech landscape.

Microsoft, on the other hand, has collaborated with NASA on numerous projects since the beginning of space exploration. Microsoft and SpaceX reached an agreement in 2020 to connect their cloud computing network via the Starlink satellite. Then Google entered into an agreement with SpaceX for the same purposes. Nothing substantial has been announced thus far.

Read more: SpaceX Falcon 9 rocket sends Lunar Lander and Rover to the moon

Big Tech Firms Suffer Financial Losses

Space- Investors-Companies-NASA-Google-SpaceX-Microsoft
The space race has begun, and the technology sector can be quite selective! For example, Microsoft, Amazon, and IBM have invested, essentially catering to both private and public spacetech companies.

Big Tech companies suffered financial losses due to the conflict’s cascading economic repercussions, in addition to ceasing business operations in Russia and taking other extreme measures.

The threat prompted the Biden administration to prohibit the export of advanced semiconductors to Russia and China, restrict foreign investment in US technology companies, and scrutinize business transactions.

At the heart of the tension is an escalating tech cold war centered on a nationalistic race to be the leader in artificial intelligence (AI) capabilities. In 2023, expect continued geopolitical tension to present difficulties for the global economy and the tech supply chain.

Read more: Tesla illegally fires workers after criticizing Elon Musk

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