South Korea's Hanwha Challenges SpaceX

The video discusses the future of the space business, highlighting its potential growth to trillions of dollars. It examines the current market share, which is close to zero, and outlines plans to expand in key areas like space rockets and satellites. The video also addresses competition with SpaceX, acknowledging its leadership while planning to grow gradually. Reusable technology is emphasized as crucial for cost reduction, with plans to develop it in collaboration with the Korean Government. The potential of 3D printing to lower costs is also explored, aiming to reach SpaceX's cost levels.

What is the expected growth of the space business in the next decade?

• It will decrease significantly.

• It will grow to a few million dollars.

• It will remain the same.

• It will grow to hundreds of billions or trillions of dollars.

What is the company's current market share in the space industry?

• More than 75%

• Around 25%

• Close to zero

• About 50%

How does the company plan to compete with SpaceX?

• By focusing on niche markets initially

• By ignoring SpaceX and focusing on other competitors

• By acquiring SpaceX

• By immediately surpassing SpaceX in 5 years

What technology is the company considering to reduce costs?

• Solar sails

• 3D printing and additive manufacturing

• Nuclear propulsion

• Quantum computing

What is the potential annual cost reduction from using new technologies?

• 10-20%

• 1-2%

• 5-10%

• 30-40%