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Transcripts for BBCNEWS Talking Business 20240604 23:36:00

i m just wondering, what areas of space activity are likely to be the most profitable, in your view? 90% of all activity falls within the satellites industry, and that s the gps geospatial intelligence satellite communications stacks. and within that, you ve got layers infrastructure, distribution and applications. and these companies are growing incredibly fast and they re focused on the world s largest industries, like agriculture, insurance, maritime, logistics. regrow is a company that s focused on data fusion, leveraging information from satellites, as well as ground sensors, to enable precision farming. we have an insurance company called arbol that is using satellite data to underwrite and pay out insurance policies. these companies, again,

Transcripts for BBCNEWS Talking Business 20240604 23:49:00

get the information. for example, one of these landers is going to dig on the south pole, to see if there s water underneath the surface. that s hugely important for us to know, because if there is water, there s hydrogen and oxygen, and if there s hydrogen and oxygen, we ve got a gas station on the south pole. and, bill, as space exploration becomes increasingly, increasingly commercialised, what do you see is the most likely and profitable uses of the rockets and the satellites that we re sending up there? well, i see the real value for entrepreneurs, to take business off the face of the earth and take it up to low earth orbit and to do manufacturing and experimentation and drug research. already, we have two examples as we speak.

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