From Elon Musk and Jeff Bezos, to China and India, companies and countries are pouring billions of dollars to get ahead in the space industry.
It's not just about interplanetary exploration, huge investment is going into satellites, defense systems and location technology.
Rahul Tandon speaks to Carissa Bryce Christensen, Founder and CEO of BryceTech and Professor of Space Security, Dr Namrata Goswami to discuss who winning the race and who might be coming up from behind.
Producers: Amber Mehmood and Matt Lines Editor: Stephen Ryan
PHOTO: The planet Mars is shown in this NASA Hubble Space Telescope view taken May 12, 2016. NASA/Handout via Reuters