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  • session 6

    Title

    Space Sector’s Commercial Transformation: Procurement Opportunities and Financial Transparency

    Description

    The space sector is experiencing a significant shift towards commercialization. Private companies and investors are taking on roles that were once solely the domain of government Space Agencies, such as satellite launches, human space flights or in the future, space resource mining. This shift is opening doors to new economic opportunities and attracting investments from various industries. Simultaneously, space agencies are reassessing their procurement practices to encourage competition and involvement of the private sector. Traditional procurement models are being re-evaluated to foster innovation and cost-effectiveness. Initiatives such as public-private partnerships are examples of procurement approaches that aim to leverage private industry capabilities. As the space sector increasingly embraces commercialization and private sector involvement, there is a greater focus on financial transparency and accountability. To ensure that funds are utilized efficiently and in line with established regulations, regular audits by government agencies [and stakeholders] are becoming more critical to assess financial practices and avoid mismanagement of resources. The purpose of this session is to discuss the procurement and financial consequences of an increasing shift towards commercialization and to exchange on measures taken to ensure transparency and accountability from Industry and Space Agencies’ perspectives. The session will be divided in two parts: the first being a panel discussion on the topic and the second part in which authors are invited to provide abstracts dealing with the subject.

    Date

    2024-10-17

    Time

    15:00

    Room

    Brown Hall 2

    IPC members
    • Co-Chair: Ms. Christine Klein, European Space Agency (ESA), France;

    • Co-Chair: Dr. Henry Hertzfeld, Space Policy Institute, George Washington University, United States;

    • Rapporteur: Ms. Karina Miranda Sanchez, ESA, The Netherlands;

    papers

    Order

    Time

    Paper title

    Mode

    Presentation status

    Speaker

    Affiliation

    Country

    1

    15:00

    Adapting Procurement Strategies in the European Space Sector: A Response to Changing Geopolitics and the Russo-Ukraine War

    12

    Mr. Declan Dundas

    United Kingdom

    2

    15:12

    Public-Private relations: A review of different procurement mechanisms

    12

    confirmed

    Ms. Sara Dalledonne

    European Space Policy Institute (ESPI)

    Austria

    3

    15:24

    Counting Stars and Costs: An Empirical Examination of Space Launch Cost Trend at NASA

    12

    confirmed

    Dr. Moon Kim

    NASA

    United States

    4

    15:36

    e-rates: establishing sme hourly rates through standardized processes

    12

    confirmed

    Mr. alan Pelletier

    ESA

    The Netherlands

    5

    15:48

    Navigating Risks and Rewards in the evolution of government agency space programme acquisition strategies

    12

    confirmed

    Ms. Victoria Carter-Cortez

    PricewaterhouseCoopers Advisory (PwC)

    France

    6

    16:00

    Space Agencies in Emerging Countries: Analysis for the Strengthening of the Space Sector in Latin America.

    12

    Ms. Emilie Karina Estrada

    Mexican Space Agency

    Mexico

    7

    16:12

    Business innovations in space - surveilling the European space transformation

    12

    confirmed

    Dr. René Puls

    European Centre for Space Economy and Commerce (ECSECO)

    Austria

    8

    16:24

    Roundtable Discussion

    60

    confirmed

    Ms. Karina Miranda Sanchez

    ESA

    The Netherlands

    *

    Bridging the Frontier: The Pivotal Shift in Space Economy Dynamics from Government Lead to Privatization and Collaborative Ventures

    12

    Mr. Mikko Punnala

    University of Vaasa

    Finland

    *

    Commercial Human Space Flight Development as a New Model for Fixed Price Research and Development Contracting

    12

    Mr. K. Lee Pagel

    NASA

    United States

    *

    Space Insurance And How Starship Will Change The Industry Forever

    12

    confirmed

    Mr. bennett torrance

    Boeing

    United States

    *

    supplier risk management in private and public enterprisees

    12

    withdrawn

    Mr. Nils Holm Andersson

    ESA

    Sweden