Online ISSN 2286-0266
Print ISSN 1223-0685
Copyright © 2020
Œconomica by SOREC
 
Vlad I. ROŞCA
Academia de Studii Economice din Bucureşti
Claims for private spaceflight initiatives, in other words for a “cosmic entrepreneurship”, have been recorded in the scientific papers ever since the 1970s, but it was only in May 2002, with the establishment of SpaceX, that a business operating on a free competitional market truly dared to rupture the monopoly of government-funded national space agencies. This descriptive paper constitutes an attempt to show how the economics of space exploration gently started to pay more attention to entrepreneurial ideas after the 1990s. In doing so, the essay is centred around the Cold War period, which is being used to explain why the ideological warfare between the United States of America and the Soviet Union also dictated the economics of the space programs. The article claims that, during the Cold War, the two global powers maintained a rigorous control over space exploration (all forms included) in an attempt to demonstrate their supremacy, while, after the end of it, both rushed to promote market liberalization and to encourage entrepreneurs to privately venture into the space-fare.

ŒCONOMICA no. 4/2019
Keywords: space entrepreneurship, cosmic entrepreneurship, outer space economics, market liberalization, privatization
JEL: A12, B15, B21, B22, L26
A Cold War Perspective on the Transition of Outer-Space Economics from Public Affairs to a Capitalist Spaceflight Entrepreneurship