Brian Miske on KPMG's 'Plus Space' Framework and the Future Space Economy

The Evolving Space Economy

• 🚀 Space is rapidly transforming into the next digital infrastructure for the world, impacting everything from terrestrial to orbital economies.
• 💡 The traditional aerospace and defense vertical is expanding to include every sector, with a framework called 'Plus Space' (e.g., banking plus space, healthcare plus space).
• 📈 Projections for the space economy reaching $1.8 trillion are accelerating, with the time to realization decreasing significantly.

Key Drivers for Space Success

• 🔑 Brian Miske outlines five key drivers for a thriving space future: resilience, regulation, risk, reach, and revenue.
• ⚠️ Resilience involves maintaining operational services and redundancy plans, particularly for satellite networks.
• ⚖️ Effective regulation is crucial, both globally and within the US, to enable the ecosystem to operate at market speed.
• 🧩 Risk can be leveraged as an asset by understanding interdependencies across social, technological, economic, environmental, political, geopolitical, and health factors.

Opportunities in 'Plus Space'

• 🌐 The 'Plus Space' concept encourages creating dialogues outside traditional industries to explore space's potential in pharmaceuticals, life sciences, and biosciences through microgravity experiments.
• 🤖 Physical AI and robotics are enabling in-space assembly and manufacturing.
• 💰 Tokenized space assets are emerging, particularly relevant for banking and insurance sectors, alongside the development of orbital data centers.
• 🛰️ The increasing volume of data collected on orbit presents opportunities for blockchain integration and on-orbit processing.

Embracing Disruption and Innovation

• 💡 Organizations must widen their aperture on space and embrace disruption to design strategies that integrate space into every industry.
• 🧪 Competing in a market of near-constant disruption requires experimentation with intention and learning from failures to move faster.
• 📈 While government funding is significant, private capital is increasingly driving space investments, with opportunities in new asset classes and tokenization.
• ✅ The cost of inaction is existential; a bold and ambitious approach is needed to push humanity forward responsibly in space.