With costs declining, technology improving, and public-sector interest increasing, members of the aerospace industry must surely have every reason to feel optimistic about the future of their field. Challenges in engineering are being conquered with unimpeded speed, and humanity's reservoir of knowledge about space and the universe is expanding with every breakthrough. Knowledge management, or KM, is a means for ensuring that knowledge and information are created, shared, transferred, used, stored, and managed within an organization. Maintaining good KM practices is a challenge for organizations in any field, but there are certain specific circumstances in the space industry that highlight why this is a more complicated challenge for this sector in particular. This work was born out of the IAC IPMC Young Professionals Workshop 2019 and is thus written primarily from the perspective of young professionals. As such, it focuses on the implementation of communication and human interactions in KM processes in two specific contexts that are especially relevant to young professionals: academia and startups. These two environments shape a large percentage of future professionals, so integrating good KM practices and attitudes to learning at an early stage can have a notable positive ripple effect later down in a young professional's career. This is important because for both small and medium enterprises, as well as for more well-established companies, the importance of sharing good practices with the new employees and senior staff is fundamental. While the issues raised here are generally true across the space industry, this work has focused closely on academic organizations and startups in particular.