Space exploration has long been on the horizon of aerospace development. Accelerating investment and regulatory reforms are drawing the boundless possibilities of commercialized outer space closer. In the first quarter of 2018 alone, there were 20 deals worth nearly $1 billion in the space industry, following a record 2017 which saw investment of $3.9 billion.
In February, MRP highlighted the efforts of the space industry, renewed by legislative reform clearing the way for private satellites. Conditions should continue to improve for private space projects as a new policy would designate the Department of Commerce as the public face of space traffic management. Until now, the Department of Defense was fully responsible for space traffic. In addition, a reauthorization bill for the Federal Aviation Administration (FAA) passed by the House on April 27 includes several provisions intended to support commercial spaceflight activities, including a major increase in authorized spending levels. Perhaps the most significant public policy shift, however, is The Space Commerce Free Enterprise Bill, which also passed the House of Representatives . . .