Space Commercialization

This book offers a comprehensive overview of current space exploration in terms of geopolitical and commercial aspects. Despite multiple attempts to foster commercial activities in the field of space exploration, for decades the domain largely continued to be funded and led by governments in the form of national and international programmes. However, the situation changed with the retirement of the Space Shuttle and the introduction of NASA’s Commercial Orbital Transportation Services (COTS) programme, which employed an innovative procurement scheme based on competitive, performance-based, fixed-price milestones. The success of this programme marked an important milestone in the evolution of the relationship between government and industry. The growing opportunities for private actors to make more prominent contributions to space exploration also lie in the “New Space” ecosystem, a sectoral transformation characterised by a substantial increase in private investment and the emergence of commercial efforts to develop disruptive concepts and address new markets.

A memorandum from the President of the United States on December 9, 2020 explains this document: MEMORANDUM FOR THE VICE PRESIDENTTHE SECRETARY OF STATETHE SECRETARY OF DEFENSETHE ATTORNEY GENERALTHE SECRETARY OF THE INTERIORTHE SECRETARY OF COMMERCETHE SECRETARY OF TRANSPORTATIONTHE SECRETARY OF ENERGYTHE SECRETARY OF HOMELAND SECURITYTHE DIRECTOR OF THE OFFICE OF MANAGEMENT AND BUDGETTHE DIRECTOR OF NATIONAL INTELLIGENCETHE ASSISTANT TO THE PRESIDENT FOR NATIONAL SECURITY AFFAIRSTHE ADMINISTRATOR OF THE NATIONAL AERONAUTICS AND SPACE ADMINISTRATIONTHE DIRECTOR OF THE OFFICE OF SCIENCE AND TECHNOLOGY POLICYTHE CHAIRMAN OF THE JOINT CHIEFS OF STAFFSUBJECT: The National Space PolicySection 1. References. This directive supersedes Presidential Policy Directive - 4 (June 29, 2010) and references, promotes, and reemphasizes the following policy directives and memoranda: a) Presidential Policy Directive 26 - National Space Transportation Policy (November 21, 2013)b) Executive Order 13803 - Reviving the National Space Council (June 30, 2017)c) Space Policy Directive 1 - Reinvigorating America's Human Space Exploration Program (December 11, 2017)d) The National Space Strategy (March 23, 2018)e) Space Policy Directive 2 - Streamlining Regulations on Commercial Use of Space (May 24, 2018)f) Space Policy Directive 3 - National Space Traffic Management Policy (June 18, 2018)g) Space Policy Directive 4 - Establishment of the United States Space Force (February 19, 2019)h) National Security Presidential Memorandum 20 - Launch of Spacecraft Containing Space Nuclear Systems (August 20, 2019)i) Executive Order 13906 - Amending Executive Order 13803 - Reviving the National Space Council (February 13, 2020)j) Executive Order 13905 - Strengthening National Resilience Through Responsible Use of Positioning, Navigation, and Timing Services (February 12, 2020)k) Executive Order 13914 - Encouraging International Support for the Recovery and Use of Space Resources (April 6, 2020)l) Space Policy Directive 5 - Cybersecurity Principles for Space Systems (September 4, 2020)It is, in other words, a vitally important planning documen

The spectacular achievements of space exploration have long overshadowed the commercial impacts of space development. Here, Jonathan Goodrich brings together, in a single source, detailed information about the significant business aspects of space commercialization. Intended for top executives in the space and aerospace industries--as well as for firms contemplating entering the space business--the book addresses the marketing, legal, economic, technological, and insurance issues involved in space exploration and development. Throughout, Goodrich focuses both on opportunities in and obstacles to space business in order to help firms tailor their decision-making and strategic planning activities appropriately and profitably. Following an introductory chapter on the uses and importance of outer space to America, Goodrich devotes separate chapters to such important facets of space business as space operators, materials processing in space, spinoffs from space technology that can be incorporated into products for ordinary use, the potential profits offered by the Strategic Defense Initiative (SDI) program, identifying customers for orbital facilities, the role of space insurance, and major space laws. Of particular interest is a chapter entitled How to Market to NASA which identifies the major NASA field operations and their needs, explains the procurement process, offers practical guidelines for marketing your capabilities to NASA, and lists available special assistance programs. In his conclusion, Goodrich assesses the future of space business. Two appendixes list space business publications and firms involved in space commerce respectively. Invaluable for any firm that seeks to capitalize on the opportunities presented by space exploration, this book offers a clear-headed appraisal of the potential profits possible as well as a guide to minimizing the substantial risks involved in pursuing those profits.

This book analyzes the commercial space activities and commercialization processes of the last fifteen years and maps the future challenges that NewSpace companies will face developing commercial space markets. What is new and what has happened in these markets up till now? Is there a business case for private companies for commercial space? What are the targeted commercial space markets? Who are the future customers for commercial space transportation markets? How can NewSpace companies attract investors? Can we learn lessons from traditional space industries or other companies in other areas? In what way have the last fifteen years made a difference in the evolution of space markets? Is there a future for in-situ resource mining, space debris services, in-orbit satellite servicing and sub-orbital transportation? What are the lessons learned from ISS commercialization? In addition the reader will find a synopsis of several space transportation programs, commercial space markets, future Moon and Mars missions, in-situ resource exploitation concepts, space debris mitigation projects and sub-orbital commercial markets. Major lessons learned are identified, related to the attraction of first time customers and long term R&D funding, managing technological and market risks and developing new markets and applications.