The global space industry is opening new markets and transforming our economy. Valued at nearly $450 billion and growing, the space industry is driving exhilarating technological progress that is helping advance many other industries, such as telecommunications, defense, bioscience, manufacturing, and energy exploration.
The 2023 Global Aerospace Summit convened leaders from the public and private sectors to look at the present and future of the commercial aviation and space industries.
Highlights: Global Aerospace Summit 2023
The rising space economy can play a critical role in the future prosperity of our people and our planet.
Here’s what businesses need to know about the space industry in advance of the U.S. Chamber’s Global Aerospace Summit in September 2023.
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Every day, more businesses are considering the commercial potential of space. The U.S. Chamber is working closely with government and industry leaders to turn potential into a reality. We are advancing public-private collaboration needed to support space exploration and commercial and private aerospace travel as well as to create guidelines for managing traffic and commerce. We are also helping government leaders shape smart regulations to drive innovation and growth in this emerging sector so people, businesses, industries, and economies everywhere can benefit from the limitless possibilities of space.
Small business advice from CO—
OSD overview: MIBP – Remains a priority for OSD to continue engaging with industry; have added “partnership” to pillars of OSD industrial collaboration; focusing on semi-conductor industries and women and minority owned businesses who the SecDef will be meeting with shortly; OSD has lost 40% of the supply base over the past decade and this is of concern and looking for ways to address these loses; published supply chain report in response to President’s EO and we are encouraged to read it. The rest of the year will now foc
OSD Overview: special guest Colin Sepko who runs trusted capital program in A&S and is new to the Pentagon coming from the private sector. Trusted capital update: why? Three strategic challenges for DIB are consolidation of DIB (significant changes in past five years); manufacturing and investment standpoint (most investments target software vice manufacturing due to margins being higher in software development); finally, foreign ownership and influence in DoD supply chains from materials to end items to logistics, a
OSD Update: Small business focus today. Kim Herrington has resigned from OSD to return to industry as he announced two weeks ago. OSD sees value in these calls and intends to continue the engagement. Guest speakers are to return in two weeks to enhance the value of these discussions.
On Monday, May 10, the Chamber formally submitted DAEC’s Defense and Aerospace (D&A) recommendations regarding Vaccines for expats in the U.S. business community to Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin. DAEC worked closely with our members on this issue and we are grateful for their thought leadership, contributions and ongoing support.
Overview: OSD is wrapping up input on their 100-day study on Executive Order 14107 regarding Critical Minerals and Materials; the results will likely be published in June. DLA:
OSD update: continue to protect the discussion and those speaking; expecting a robust discussion today; a federal register notice is out regarding a 100-day report on supply chain so ensure if you industry have input you respond.