Home Business & Finance NASA to Announce New Commercial Opportunities at the International Space Station

NASA to Announce New Commercial Opportunities at the International Space Station

NASA to Announce New Commercial Opportunities at the International Space Station

Earlier today, NASA announced that it’ll be opening the International Space Station to expand commercial activities. The agency stated that it’ll reveal more details of the upcoming opportunities at 10 a.m. EDT Friday, June 7.

According to the press release, the participants in the panel will discuss the space agency’s short-term plans to enable more commercial opportunities at the ISS. Additionally, the panel will also discuss NASA’s long-term goal to establish marketing activities around low-Earth orbit which will ultimately help the agency to accomplish its goals to land first woman and next man on the moon by 2024 in an attempt to prepare for future Mars missions.

This latest news comes as the space agency recently revealed three different companies that will complete payload missions in the coming years. As for the commercialization of International Space Station, NASA’s plan will address both supply and demand side for a new economy. This will ultimately lead to use of government resources for commercial activities which will enable private missions to the station.

The plan was formed according to recommendations of 12 different companies which participated in a market study to explore the possibilities of a low-Earth orbit economy. In case you are interested, you can watch the live stream of the upcoming press event through NASA television as well as its website.

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