#Nasa stock free#
He campaigned on the idea that free markets and private enterprise were key to American prosperity, and these ideas soon found their way into the government’s space program. When Reagan was sworn in as president in 1981, NASA’s space shuttle program was not even a decade old. According to NASA officials, that money will be used in support of the goals outlined by companies in the study, but the specifics will depend on proposals submitted by the companies. NASA’s 2019 budget earmarked $40 million for its Commercial LEO Development program, but until today it wasn’t clear how that money would be used. Or a testbed for satellite technology and independent space stations. As detailed in the report, the space station might turn into a hotel for tourists.
Last month, NASA released a large study that outlined how leading companies, including Blue Origin, Lockheed Martin, and Northrop Grumman, envisioned profiting off the ISS. “We’re trying to knock down all the barriers that have been around for awhile and see what the private sector can do to construct a business plan,” says Jeff DeWit, NASA’s chief financial officer. Additionally, NASA says it will lease the last open port on the ISS, where a new module can attach, to a private company and expects to award that contract by the end of the fiscal year. NASA also says it will open the space station to short-duration stays by commercial astronauts traveling on private spacecraft, which it says could begin as early as next year. Initially, NASA has limited purchasable crew time to 90 hours and 175 kilograms of commercial cargo per year. Companies will now be able to pay for astronauts to help advertise their products and use the space station facilities for manufacturing and other money-making ventures. On Friday morning, three senior members of NASA leadership gathered at the Nasdaq stock exchange in New York to announce that “the International Space Station is open for commercial business.” The trio outlined the space agency’s plan for the world’s only orbital laboratory, a move they say would allow NASA to focus its resources on sending humans to the moon by 2024, the same year when US funding for the ISS was slated to end.Īccording to the plan outlined today, NASA will be rolling back its restrictions on for-profit and marketing activities on the space station.
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