The realm of space, hitherto exclusive to governments and esteemed scientists, has suddenly become a promising area for business ventures and scientific progress. Over the past few decades, there has been a notable and significant change in the space sector, primarily due to the emergence of creative startups, forward-thinking entrepreneurs, and the increasing involvement of major corporations. This article examines the growing field of SpaceTech, investigating the various business prospects it offers and the impressive technological progress that is driving humanity beyond the boundaries of Earth.