Asia’s ‘NewSpace’ economy is about more than just exploration

Asia's approach to space is evolving from a focus on scientific discovery and national prestige to a strategic domain vital for sovereignty and economic security. This transformation is driven by the rapid expansion of the "NewSpace" economy, characterized by significant government investment in orbital infrastructure. Commercial satellite systems, low Earth orbit communications, Earth observation technologies, and private launch industries are experiencing substantial growth across the region. This shift signifies a move beyond exploration, with outer space now viewed as a critical area for economic security and geopolitical competition.