Commercial Spaceflight And The Dawning Age of NewSpace

Democrats and Republicans agree: If you can mine it in space, it’s yours

During the last 15 years one of the most promising developments in US spaceflight has been a proliferation of new businesses entering the sector. It’s not just SpaceX, but rather a host of companies such as Blue Origin, Virgin Galactic, and many others seeking to make a buck or two in outer space.

On Tuesday evening Congress took a key step toward encouraging the development of this industry by passing on H.R. 2262, the US Commercial Space Launch Competitiveness Act, with bipartisan support. The legislation provides a number of pro-business measures, such as establishing legal rights for US citizens to own resources in outer space as well as extending indemnification for commercial launches through 2025.

Sourced through Scoop.it from: arstechnica.com

See on Scoop.itThe NewSpace Daily

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