In this article, we propose the integration of the Holographic Multiple Input Multiple Output (HMIMO) as a transformative solution for next generation Non-Terrestrial Networks (NTNs), addressing key challenges, such as high hardware costs, launch expenses, and energy inefficiency. Traditional NTNs are constrained by the financial and operational limitations posed by bulky, costly antenna systems, alongside the complexities of maintaining effective communications in space. HMIMO offers a novel approach utilizing compact and lightweight arrays of densely packed radiating elements with real-time reconfiguration capabilities, thus, capable of optimizing system performance under dynamic conditions such as varying orbital dynamics and Doppler shifts. By replacing conventional antenna systems with HMIMO, the complexity and cost of satellite manufacturing and launch can be substantially reduced, enabling more streamlined and cost-effective satellite designs. This advancement holds significant potential to democratize space communications, making them accessible to a broader range of stakeholders, including smaller nations and commercial enterprises. Moreover, the inherent capabilities of HMIMO in enhancing energy efficiency, scalability, and adaptability position this technology as a key enabler of new use cases and sustainable satellite operations.