, Orbital ATK, ViaSat, SES, OneWeb and more than 10,000 other commercial space companies have grown over the past two decades into a burgeoning sector known as “new space", dedicated to growing private space access and space station servicing to satellite operations, defence technology, data analytics and even more speculative areas like space tourism, manufacturing and asteroid mining.
Revenues in the commercial space sector were up 6.4 per cent from 2020, according to the Space Foundation’s 2022 Space Report, with much of the growth driven by a 19 per cent increase in government spending on military and civilian space programmes . While public-private satellite programmes had existed since the 1960s, it wasn’t until the shuttle programme began winding down that the new crop of commercial space companies began to take off. Congress shifted funding incentives and created a new policy to encourage privatisation. NASA and other government agencies became customers of private space contractors, rather than creators or even supervisors of new technologies.
Video feeds are displayed in the USS Portland command centrer after NASA's Orion Capsule splashed down in the Pacific off Mexico on Dec 11, 2022. NASA’s Orion capsule made a blisteringly fast return from the moon to conclude a test flight that should clear the way for astronauts on the next lunar flyby.
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