We have always been used to Space being the frontier of more developed Countries like the USA, Russia and in part the European Union, all this changed in late 2008.
This has led to new players in the commercialization of space, and a new, different type of space race. These new players are competitors in the economic space race, that create new technologies, which could be sold commercially at "home." But also lessen the dependence on the USA, to use the commercial section of NASA.
As this new Space Age develops, China and India could become competitors in the satellite launching business. Iran could even start launching satellites on the cheap, bad news for NASA.
New nations could join this age, Japan is technologically geared for equipping New nations who join this age, with high technological products needed to compete. Whilst Chinese produced technology has proved, that China does not need to buy technology, for the countries own space program.
Space Technology is one small part of the USA's march into a new Green and Technological revolution that should help the United States reinvent its Industrial base. Competition from emerging Countries in this field may dampen enthusiasm for this development, especially if competitors can create cheaper options to what could be provided in the USA.
One fact remains, no matter how bad our economies are, the future does look good for Space based Industries. And the globalization of these industries, should lessen the cost of the new Space Age, as new Nations compete with each other for the billions of dollars in business.
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