| ID | 169296 |
| Title Proper | Fund Me to the Moon |
| Other Title Information | Crowdfunding and the New Space Economy |
| Language | ENG |
| Author | Pomeroy, Caleb |
| Summary / Abstract (Note) | The likes of Elon Musk and Jeff Bezos now occupy the headlines once dominated by Apollo and Soyuz. Described as New Space versus Old Space, debate surrounds the emerging commercial space industry and the role of nontraditional actors in the evolving contemporary space exploration environment. This article enters this debate by adopting a sociological approach to investigate the role of crowdfunding in financing space exploration today. We interviewed crowdfunded space project creators in disparate locations, from Moscow to Silicon Valley, who attracted capital ranging from $200 to over $1 million. We attempt to uncover their experiences using this distinctly social financing mechanism and find that although crowdfunding is unlikely to solve all of today's research funding conundrums, it does appear to increase access to space in unique ways. We argue, however, that the most interesting dynamic of this phenomenon is the way in which crowdfunding contributes to an increasingly democratic exploration environment and how this might impact space science research and the power structures of the space industry. This article concludes by considering possible implications of this trend and derives practical suggestions for both policymakers and individuals who may be considering the use of crowdfunding to finance space science research and exploration projects. |
| `In' analytical Note | Space Policy Vol. 47, Feb 2019: p. 44-50 |
| Journal Source | Space Policy 2019-02 47 |
| Key Words | Democratization ; Science and Technology Policy ; New Space ; Space Exploration ; Crowdfunding |