Space Commerce – The New Frontier for International Business: Changing Strategies in the Age of AI and Financial Consideration

Abstract

The commercial space sector is experiencing rapid growth, with private enterprises making bold plans for Mars colonies and lunar bases. The intertwining of space commerce with cutting-edge technologies like Artificial Intelligence (AI) prompts novel financial strategies and considerations. As humanity stands at the cusp of interplanetary trade and habitation, there's a pressing need to understand and navigate the complexities of this emergent business frontier. This paper explores the potential trade, regulatory, ethical, and strategic challenges and opportunities arising from such ventures. It also delves into the prospective international collaborations or competitions in extraterrestrial commerce.