“If you want to have a program for moving out into the universe, you have to think in centuries not in decades.”- Freeman Dyson (British theoretical physicist)
Humankind has always dreamt about space while looking at the sky. Although, the principles of rocketry were first tested more than 2,000 years ago, but it’s really only been in the past 70 years or so that these machines have been used for applications in space exploration. Outer Space makes our daily lives easier with the various satellites that provide telecommunication, broadcasting, observational and positioning services. It is very exigent in nature, thereby demanding development of new technologies and new activities. It is however considered to be void legally.
With the advent of globalization and rapid development, many start-ups like SpaceX, Blue Origin, Virgin Galactic etc. have been multiplying the arena of space activities, which makes it vital for a regulatory instrument and legislation to be in place to govern these activities. A conventional legal environment will aid in the growth of the space domain.
Space as an investment theme is likely to impact a number of industries beyond Aerospace & Defense, such as IT Hardware and Telecom sectors and it is estimated that the global space industry could generate revenue of $1.1 trillion or more in 2040.
A silent revolution can be witnessed happening with the space technology. The phenomenon of ‘democratization of space industry’ is encouraging the increase in participation of more people and/or organizations in the space sector. Anne Hale Miglarese, CEO, Radiant.Earth, puts it: “The transformation of the space industry is largely driven by innovations in launch and satellite manufacturing technology.”
The course provided by Enhelion ‘Certificate in Space Laws’ has been formulated by the well-recognized Vikrant Pachnanda Law Chambers, who hold a wide-ranging experience in Air and Space laws. The course has been designed in a way to provide an overview in addition to the detailed information on the history, fundamental principles, the angles of liability, the international and domestic legal framework governing the sector, the finance related aspects and most importantly the current issues in the field.
The programme aims at cover all the basic principles and concepts of the space industry, in order to promote more and more professionals to explore this sector. The experience of the professionals and their mentorship gives an edge to the young budding lawyers to pave their way in the legal band.
The Space sector is emerging as one of the most bankable industry globally. It is valued at US$ 360 billion in 2018 and is projected to grow at a Compound Annual Growth Rate of 5.6% and is estimated to be valued at US$ 558 billion by 2026. The rate at which the industry is growing is directly proportional to the demand of legal professionals. A career in this sector is unique, global centric and flourishing in all ways.