The rapid growth of the space industry presents significant opportunities for the Global South, particularly in the areas of space agriculture and manufacturing. With the Earth’s population growing and climate change impacting traditional farming, space-based agriculture offers a promising solution. By creating closed-loop ecosystems in space habitats, food can be produced efficiently and sustainably, reducing pressure on Earth’s resources. In-space manufacturing, enabled by reduced gravity, has the potential to revolutionize industries on Earth and in space. Companies are exploring the possibility of manufacturing products with unprecedented precision, such as 3D printing spacecraft or components, which can significantly reduce costs and improve performance. The infrastructure for space activities is becoming more robust, with private companies like SpaceX and Blue Origin lowering launch costs and creating a competitive market environment. However, the expansion of the space industry also raises questions about regulations and governance. It is crucial to ensure responsible and sustainable practices as more entities venture into space. The international community is working on developing space governance frameworks to address issues like space debris management, traffic control, and resource allocation. With the necessity of significant investments, a robust infrastructure, and an evolving regulatory landscape, experts believe the space industry is primed for exponential growth.