As the International Space Station (ISS) approaches the end of its operational lifespan, attention is shifting toward low Earth orbit (LEO) as a new hub of opportunity. LEO, the region of space just a few hundred kilometers above Earth's surface, is becoming a strategic area where both government space agencies and private companies are working to develop new technologies, launch satellites, and even build space stations. This transition marks a shift from space exploration being primarily driven by national governments to a more collaborative effort involving private industry, opening up new possibilities for research, commercial ventures, and international cooperation. Sylvain Bataillard, co-founder and Chief Strategy Officer at HyPrSpace, has been at the forefront of discussing the evolving landscape of space exploration. During a recent panel discussion, he emphasized the growing role of Europe in the "New Space" sector—a term referring to the increasing involvement of private companies and emerging space nations in space activities. Bataillard highlighted the challenges Europe faces in asserting itself in this competitive arena, including technical hurdles and the need to navigate complex political landscapes to secure funding and partnerships. A recent example of the importance of LEO missions is the launch of the Sentinel-6 Michael Freilich satellite. Launched on November 21, 2020, from California aboard a SpaceX Falcon 9 rocket, the satellite is designed to monitor changes in global sea levels. This data is crucial for scientists studying climate change, as rising sea levels pose significant risks to coastal communities and ecosystems. The satellite will also help improve hurricane forecasting and provide insights into ocean currents, which are vital for understanding Earth's climate system. As space agencies and private companies continue to invest in LEO, the future of space exploration is becoming increasingly diverse. With projects like Sentinel-6 demonstrating the value of space-based observations, and companies like HyPrSpace pushing the boundaries of innovation, the New Space era promises to be one of both challenge and opportunity. The collaboration between public and private sectors is expected to drive advancements that benefit not only scientific research but also global environmental and economic goals.