September 19, 2019

On the Future Economy of Space

“Never mind that we’re not experiencing a boom economy anywhere on this planet. Once you leave the atmosphere, things are literally and otherwise going to be out of this world and larger than life.

NASA has joined forces with space tech companies that can help the agency figure out how to get human spaceflight beyond the atmosphere and in business. The 12 companies, which included Axiom, Blue Origin, Boeing, Lockheed Martin and Northrop Grumman, recently presented a series of studies to NASA that will act as a roadmap for achieving a low-Earth orbit (LEO) economy that beats anything here on terra firma.

Focusing on how to commercialize low-Earth orbit, these companies gave NASA their visions of what a thriving off-Earth economy would potentially look like. The studies assess the potential growth of such an economy and propose the most successful ways to fire up private demand for commercial human spaceflight. Think everything from space tourism to habitats in microgravity. The ISS has been a hub of research and development for technologies that would make a space economy possible, and these companies now want to take that to the next level.”

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