WEBVTT

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The International Space Station has proven to be a one-of-a-kind laboratory.

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Microgravity conditions allow for experiments impossible to duplicate on Earth.

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New science, new knowledge. The station has also proven to have the capacity to serve as an incubator for new business,

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accelerating the development of a new space economy in low-Earth orbit.

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Doing Business in Space - A NASA ScienceCast The business of doing business on the International Space Station

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has become a primary focus of NASA in the last 10 years.

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Mike Read is the Manager of space station Business and Economic Development

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for NASA at Johnson Space Center. He explains how businesses are enabling research.

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"Supporting all of the research activities on station is becoming a significant activity in and of itself.

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Companies like BioServe, TechShot, Space Tango, and others operate over 20 commercial research facilities housed on the station.

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Scores of companies provide services as payload developers, helping researchers translate their experiments into hardware small and light enough

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to be transported to and housed on the station.

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All of these commercial activities support business models and expand the numbers of entities with experience in conducting business in space.

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As NASA increases the opportunities for companies to perform research on the space station,

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it's likely that the number and types of companies taking advantage of those opportunities will also increase.

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That, in turn, will help keep the partnership between NASA and business thriving.

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Read notes: "Soon we hope to see private astronauts as part of NASA's LEO Commercial Development program.

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Some of those may be researcher astronauts, that is researchers who work directly for a company

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and are trained to come work in the station during private astronaut missions."

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To enable the beginning of development for a next generation, commercially-built-and-operated low-Earth orbit research platform,

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the space station is hosting new commercial modules: the Nanoracks Bishop Airlock became operational in February 2021,

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and Axiom Space plans to launch a module to expand the habitable volume for research and other activities on the station.

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NASA's Commercial Resupply and Commercial Crew Programs are also enabling multiple companies

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to develop and operate the next generation of spacecraft and launch systems.

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This commercial transportation to and from the station

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has fueled the growing market-share of U.S. launch providers in the world marketplace,

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and is providing expanded utility, additional research time, and broader opportunities for discovery for NASA's mission of space exploration.

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The innovative use of public-private partnerships employed to support station research is becoming the template for NASA's new exploration initiatives.

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The Artemis program has the goal of landing the first woman and first person of color on the surface of the Moon.

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In addition, Artemis plans include establishing a lunar outpost built by private companies, and eventually harvesting resources from the Moon.

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Doing business in space has become one of the fastest growing businesses on Earth.

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The space economy has expanded by over 60% in the last decade, and is now valued at roughly 400 Billion dollars.

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That commercial success is matched in importance by the knowledge gained from private research conducted on the space station.

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It's knowledge that spans hundreds of disciplines, and will help millions here on Earth,

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as well as those traveling beyond the reaches of our planet for years to come.

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For more information about how private companies can conduct their research on the Space Station, go to www.nasa.gov/iss-science.

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To discover more about the space on, around, and beyond our planet visit science.nasa.gov