Today, I am speaking with Pierre Lionnet, the Research & Managing Director at Eurospace, the trade association of the European space manufacturing industry. Pierre is an economist with more than 25 years of experience in the space industry, and a well-known expert on space markets.

In this episode, Pierre and I discuss what is NewSpace, recent developments in the launch sector, launcher economics particularly focusing on the micro launcher segment, meaning small-lift launch vehicles capable of lifting up to 2,000 kilograms to Low Earth Orbit (LEO). Being an experienced analyst, Pierre provides a realistic assessment of the recent developments in the launch sector.