WHY IN THE NEWS?

• Apple’s co-creator Steve Wozniak has launched a new space start-up called Privateer Space, bringing potential competition to a field dominated by billionaires Elon Musk, Jeff Bezos and Richard Branson.
• Privateer will be represented at the Advanced Maui Optical and Space Surveillance Technologies Conference, scheduled to run from September 14-17 in Hawaii.
• The global space economy, which has attracted many top companies such as Tesla and Amazon, involves various activities such as research and development, space tourism and the utilisation of space.
• Bank of America predicts the space economy will have more than tripled in size by 2030, with a $1.4 trillion market value.