NASA Is Opening International Space Station to New Commercial Opportunities

NASA Is Opening International Space Station to New Commercial Opportunities

NASA opens the International Space Station for commercial business.

NASA officials, including the agency’s Chief Financial Officer Jeff DeWit, will discuss details of the five-part near-term plan in a news conference at 10 a.m. EDT today. The news conference will air live on NASA Television and the agency’s website.

According to NASA “NASA is opening the International Space Station for commercial business so U.S. industry innovation and ingenuity can accelerate a thriving commercial economy in Low-Earth orbit”.

NASA will go on researching and testing in low-Earth orbit to inform its lunar exploration plans, while also working with the private sector to test technologies, train astronauts and strengthen the burgeoning space economy.

NASA indicates [NASA’s plan addresses both the supply-side and demand-side for a new economy, enabling use of government resources for commercial activities, creating the opportunity for private astronaut missions to the space station, enabling commercial destinations in low-Earth orbit, identifying and pursuing activities that foster new and emerging markets, and quantifying NASA’s long-term demand for activities in low-Earth orbit].

There are 50 companies that already are conducting commercial research and development on the space station via the International Space Station U.S. National Laboratory, and their results are yielding great promise. In addition, NASA has worked with 11 different companies to install 14 commercial facilities on the station that support research and development projects for NASA and the ISS National Lab.

Source: Text; NASA

Image credit; NASA