Global Space Industry: Refining the Definition of "New Space"

This paper will discuss and refine the definitional distinctions between the new and traditional space sectors. This paper proposes to define new space in terms of the attributes that are common among companies within the sector. A definition of new space based on these attributes focuses discussion of new space markets on activities that currently bring new participants and new sources of revenue into the space economy. An accurate and upto-date definition will improve decision-making and policy throughout the space industry.