BOULDER — The University of Colorado Boulder and the Secure World Foundation have signed a memorandum of understanding to launch the Space and Sustainability Initiative.
As the first program in the nation to focus on the role of the private sector and entrepreneurship in the sustainable commercialization of space activities, the Space and Sustainability Initiative at the University of Colorado Boulder will develop norms of responsible behavior for commercial space activities.
With projected revenues of up to $1.1 trillion by 2040, the global space industry is set to grow rapidly. This growth increases consequences and costs, such as satellite congestion and debris accumulation that could endanger future space operations.