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2024 Projections: The Future of UK Space Technology

Challenges and Triumphs
At the dawn of the year, there was a wave of enthusiasm for the UK’s space tech sector. However, the setback faced by Virgin Orbit, which aimed to mark the first orbital launch from the UK, was a stark reminder of the challenges ahead. Nevertheless, 2024 holds promise for the UKโ€™s burgeoning space tech scene, with potential breakthroughs expected from Scotland and Cornwall’s spaceports. Notably, the UK stands strong, ranking third globally for space tech funding.

Skyrora’s Ambitious Plans
Among the UK’s rising stars, Skyrora, a Scottish rocket company, eyes 2024 for its launch plans. Furthermore, the latter half of the year will witness NASA’s Artemis mission, marking a significant moment as astronauts are set to orbit the Moon after nearly five decades.

Expert Insights: What Lies Ahead

  • The Inevitability of UK Launches
    Volodymyr Levykin, CEO of Skyrora, emphasizes the inevitable nature of UK-based launches in 2024. Levykin highlights the broader implications for the British economy and underscores the nation’s potential to emerge as a dominant force in space tech.
  • The Revolution in In-Orbit Manufacturing
    Katie King, CEO of BioOrbit, sheds light on the transformative potential of decreasing return-to-Earth costs. Drawing parallels with SpaceX’s impact on satellite industries, King predicts a surge in in-orbit manufacturing, particularly in life sciences and semiconductor sectors.
  • Sustainability in Rocket Fuels
    Ashley Modeste Johnson, CEO of Applied Atomics, discusses the paradigm shift towards sustainable rocket fuels. This move not only signifies an environmentally conscious approach but also paves the way for resource extraction from celestial bodies, heralding a self-sufficient era in space exploration.
  • The Role of AI in Space Tech
    Dr. Maureen Haverty of Seraphim delves into the transformative potential of generative AI, particularly GPTBuilder. Haverty’s firsthand experience highlights the rapid and efficient capabilities of this tool, emphasizing its revolutionary impact across various engineering domains.

Conclusion
ย As 2024 unfolds, the UK’s space tech sector stands at a pivotal juncture. With innovative technologies, ambitious plans, and supportive policies, the nation is poised to make significant strides in the final frontier.


References:

Footnotes

  1. Virgin Orbit’s Orbital Launch Setback
  2. Skyrora’s 2024 Launch Plans
  3. Global Space Tech Funding Rankings
  4. NASA’s Artemis Mission
  5. Cost Implications in Space Manufacturing
  6. Sustainable Rocket Fuel Innovations
  7. GPTBuilder’s Transformative Potential

by Paul Britton

Full-time CBG author covering everything from business to wellbeing news, in Cyprus. and abroad.

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