We'll explore the transformation of space from industry to economy. After 70 years of rockets, satellites, and interplanetary exploration, commercialization by SpaceX, Virgin Galactic, and Blue Origin is forging new horizons. Which burgeoning sectors could have the most global impact in the next decade? We delve into the inception of this new economy, discussing how to embed diversity, equity, inclusivity, and sustainability from the start. What industries need to pivot to fully harness "new space?" We will also ponder the distinct needs of space-to-earth vs space-to--space economies