The Future Investment Initiative (FII) conference, in its fifth edition, concluded by highlighting the huge opportunities awaiting investors in the field of space, including exploration, probes, telescopes, and manufacturing.
The event had brought together 5,000 participants from policymakers, experts, and leaders of global companies.
Specialists who participated in the activities of FII’s last day warned that the biggest challenge for humanity in the future would be the phenomenon of space pollution.
They sounded the alarm about thousands of satellites that are spread in space and cannot be cleaned easily. These orbiters are most likely to remain for hundreds of years.
International Business Vice President at Lockheed Martin Ray Piselli clarified that space technology would help in predicting emissions and missions and help make decisions in real-time.
“Investing in humanity is the most urgent thing on earth, such as climate change and its monitoring. Climate conditions are one of the major security threats in the world,” said Piselli on the sidelines of the FII.
“There may be Earth observation satellites that predict climate events, to plan for the matter before it happens, and education will be in the forefront, and no one will live anywhere without education,” he added.
“We will not go far if we go alone. We can share and bring our nations together,” said Piselli about the need for international partnerships in the field of space.
Terry Virts, a retired NASA astronaut and writer, spoke about the tremendous investment opportunities found in the space industry.
“There are difficulties and risks, but the returns are enormous,” said Virts.
“Space manufacturing is more interesting, which is an aspect that has not been developed enough,” he added.
According to Virts, humanity’s greatest challenge will be “the problems of space pollution. Global agreements must be reached to address this,” he said, pointing out that “tens of thousands of satellites are scattered over the Earth, and they will remain for centuries and perhaps forever, and cannot be cleaned easily.”
