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Abstract

This article describes a formalized commodities exchange that lets all market participants in the space economy better visualize and predict market opportunities and risks, by enabling them to trade standardized and reliable space commodities to be designed, supplied, or necessary in the near future. Such an exchange would enable commercial and government organizations to identify quantifiable surpluses, gaps, valuations, and destinations for space commodities that economically and scientifically achieve and sustain their space exploration and development goals faster, cheaper, and safer. Such organized market transaction data and analysis would also let potential suppliers better understand market demand and justify capital investment and valuation. Inspired by the commodities futures trading exchanges that exist today terrestrially, an adaptation is suggested through which a similar trading exchange would be established to support the emerging space economy by offering five groups of space commodities, including futures contracts for standardized in-space services to financial derivatives for risk transfer and liquidity. This article will also consider how growth of the space economy could be slowed or investments misallocated in the absence of such a trading exchange for space commodities.

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Space Commodities Futures Trading Exchange: Adapting Terrestrial Market Mechanisms to Grow a Sustainable Space Economy

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