The global space economy skyrocketed to nearly $450 billion in 2020 and is projected to reach $1.1 trillion by 2040. The rapid increase in the space industry value translates into global economic growth, which will most likely boom in the following years. Technology advancement and dropping costs of spacecraft launches are letting smaller, less powerful countries and the private sector get a piece of the space industry pie. The increasing participation of private companies and public-private partnerships are seen as the most significant trends of the next decade.
Space infrastructure and services
The expansion of the space sector paves way for such emerging business models as Space Data as a Service, Satellite as a Service, and Ground Station as a Service, which are being increasingly adopted by companies. Small satellites and nanosatellites launched into low Earth orbit are revolutionizing the sector, opening up vast opportunities for businesses that can piggyback larger space missions to provide space benefits for their customers. New Earth-observing satellite constellations are capturing high-resolution imagery of unprecedented level of detail, within a shorter time and at a lower cost, giving greater access to spaceborne data that is likely to disrupt even more industries.
In terms of data technologies, the Software as a Service model is keeping the lead, offering space services on a subscription basis. The most beneficial version is a vertical software that focuses on serving particular industries: e.g., a digital precision agriculture platform EOSDA Crop Monitoring brought by EOSDA (EOS Data Analytics), a global provider of AI-driven satellite imagery analytics solutions.
EOSDA and the team
Since the 2000s, there has been an explosion of space tech startups, and now, according to various estimates, there are nearly 10,000 of them. They are scattered all over the planet, however, US and UK are the two leading countries that hone the most companies in the space sector. EOS Data Analytics headquartered in California is one of them.
It was founded by the international space technologist and IT entrepreneur Dr. Max Polyakov in 2015 and operates worldwide collaborating with governmental, scientific, and commercial organizations ever since. Being true to the mission of channeling the power of satellite technologies to enable accurate, informed decision-making, EOSDA provides analytics solutions for agriculture and forestry, with the potential to serve 22 industries at request.
Having over 735,00 happy users across 195 countries, EOSDA ascribes its success to the team of like-minded professionals who are passionate about finding innovative solutions to burning issues. The company lives by the principles of professionalism, knowledge, rationality, technology as a humankind service, commitment to clients, meaningful communication, and balance that help foster the right working environment and choose projects to progress toward the social and environmental good.
To get employed with a space company, a secondary or university-level STEM education is required. The other subjects may include Computer Science, Astrophysics, and Material Science, and for those pursuing a career in the Earth observation field, Biology and Chemistry will come in handy. However, there is a multitude of other subject areas that find applications in space jobs: Psychology will enable an analysis of the impact of space travels on humans; Law will provide the expertise for dealing with legally related behavior of entities and individuals involved in space activities; while Business and Economics can get you a role in overseeing business development processes and building expansion strategy for space companies of any kind.
Attending and volunteering at space events, getting internships and apprenticeships, as well as taking part in competitions and hackathons are all great opportunities for getting yourself a job at a space company without or on top of a degree.
There are several groups of most in-demand roles in space companies, including Engineering (mechanical and electronic engineers who build spacecraft and components); IT (software developers, data analysts, mathematicians, and other specialists who develop software and analyze satellite data), and Scientists (geologists, biologists, chemists, and others who analyze data and extract valuable insights). However, there are non-space jobs as well, ranging from sales to PR to insurance.
Working at a space company is already a dream come true for those eager to be part of the industry that is developing by leaps and bounds. However, it’s always great when employment comes with some extra benefits. At EOS Data Analytics, they aim to foster a positive and productive corporate culture, that would encourage teamwork, professional growth, and fellowship. Employees have access to vast corporate library and mentorship programs, as well as training, courses, and conferences.
Specialists working at EOSDA get fair, competitive salaries that are regularly reassessed to consider their latest achievements and skill progress. Apart from it, the company cares about the social side of things, providing employees with health insurance, sickness leaves, and the option to work from the comfort of their homes. Another benefit that unites the team is the sense of purpose in whatever they do: the company’s mission and vision are all about making a difference for the better, and all engaged can make their contribution.