💨 Abstract

The Italian Space Agency chief, Teodoro Valente, has emphasized the necessity of private investment in the space sector for its growth. He stated that while private investment is essential, it needs regulation to ensure long-term sustainability. Valente also highlighted that the space economy is projected to grow exponentially with the entry of private companies. Investment from the private sector reached an all-time high of over $70 billion in 2021 and 2022.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖