The Governance Structure of the Brazilian Space Sector.
Brazilian Space Program, New Space; Brazilian Space Sector; Industry; Economic Regulation; Planning and Budget of the Brazilian Space Sector; Satellites; Launch Vehicles; Alcântara Space Center.
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 start of the development of space activities for peaceful and exploratory purposes. Until then, the state was the primary funder of these actions, investing in space applications such as telecommunications and geolocation, which led to significant advancements in science and technology. The microelectronics revolution and satellite miniaturization observed in the 1980s propelled the sector into a transition now known as New Space, characterized by increased private sector participation and reduced state dependency. This shift allowed the creation of new space markets and products, while the role of the state became more focused on funding projects of strategic interest. The space economy reflects the growing importance of the sector, and with the inauguration of the Alcântara Space Center, Brazil may leverage these changes to establish itself in the global space market. Thus, this research aims to evaluate the evolution of the Brazilian space sector, the management of its budget, and the governance structure, considering the transformations brought about by New Space and the potential need for a new regulatory regime.