Brazilian Space Mission: A Study on Governance, Regulation, and Industrial Policy in the Brazilian Space Sector.
Brazilian Space Program; New Space; Brazilian Space Sector; Industry; Economic Regulation; Planning and Budgeting of the Brazilian Space Sector; Satellites; Launch Vehicles; Alcântara Space Center; Industrial Policy.
Space exploration, which began in the last century after World War II, has evolved significantly since the launch of Sputnik by the former Union of Soviet Socialist Republics (USSR), marking the beginning of the development of space activities with peaceful and exploratory purposes. Until then, the State was the main financier of such initiatives, investing in space applications for areas such as telecommunications and geolocation, which led to significant advances in science and technology. The microelectronics revolution and the miniaturization of satellites, observed in the 1980s, propelled the sector into a transition now known as New Space, characterized by greater private sector participation and reduced state involvement. This movement enabled the creation of new markets and space products, while the State’s role shifted toward financing strategically significant projects. The space economy reflects the growing importance of the sector, and Brazil, with the inauguration of the Alcântara Space Center, may take advantage of these changes to establish itself in the global space market. Thus, this study aims to analyze the governance of the Brazilian Space Program (PEB) and the existing budgetary mechanisms for its implementation, evaluate its regulatory framework and industrial policy, considering the technological and economic transformations observed in the sector—especially those driven by the New Space movement—with a view to proposing more appropriate institutional arrangements to strengthen the sector.