NASA ScienceCasts: Doing Business in Space

1. 0:00The International Space Station has proven to be a one-of-a-kind laboratory.
2. 0:06Microgravity conditions allow for experiments impossible to duplicate on Earth.
3. 0:12New science, new knowledge. The station has also proven to have the capacity to serve as an incubator for new business,
4. 0:21accelerating the development of a new space economy in low-Earth orbit.
5. 0:26Doing Business in Space - A NASA ScienceCast The business of doing business on the International Space Station
6. 0:36has become a primary focus of NASA in the last 10 years.
7. 0:41Mike Read is the Manager of space station Business and Economic Development
8. 0:45for NASA at Johnson Space Center. He explains how businesses are enabling research.
9. 0:52"Supporting all of the research activities on station is becoming a significant activity in and of itself.
10. 0:59Companies like BioServe, TechShot, Space Tango, and others operate over 20 commercial research facilities housed on the station.
11. 1:09Scores of companies provide services as payload developers, helping researchers translate their experiments into hardware small and light enough
12. 1:18to be transported to and housed on the station.
13. 1:22All of these commercial activities support business models and expand the numbers of entities with experience in conducting business in space.
14. 1:31As NASA increases the opportunities for companies to perform research on the space station,
15. 1:37it's likely that the number and types of companies taking advantage of those opportunities will also increase.
16. 1:43That, in turn, will help keep the partnership between NASA and business thriving.
17. 1:49Read notes: "Soon we hope to see private astronauts as part of NASA's LEO Commercial Development program.
18. 1:56Some of those may be researcher astronauts, that is researchers who work directly for a company
19. 2:02and are trained to come work in the station during private astronaut missions."
20. 2:07To enable the beginning of development for a next generation, commercially-built-and-operated low-Earth orbit research platform,
21. 2:15the space station is hosting new commercial modules: the Nanoracks Bishop Airlock became operational in February 2021,
22. 2:23and Axiom Space plans to launch a module to expand the habitable volume for research and other activities on the station.
23. 2:31NASA's Commercial Resupply and Commercial Crew Programs are also enabling multiple companies
24. 2:37to develop and operate the next generation of spacecraft and launch systems.
25. 2:43This commercial transportation to and from the station
26. 2:46has fueled the growing market-share of U.S. launch providers in the world marketplace,
27. 2:51and is providing expanded utility, additional research time, and broader opportunities for discovery for NASA's mission of space exploration.
28. 3:01The innovative use of public-private partnerships employed to support station research is becoming the template for NASA's new exploration initiatives.
29. 3:10The Artemis program has the goal of landing the first woman and first person of color on the surface of the Moon.
30. 3:18In addition, Artemis plans include establishing a lunar outpost built by private companies, and eventually harvesting resources from the Moon.
31. 3:28Doing business in space has become one of the fastest growing businesses on Earth.
32. 3:34The space economy has expanded by over 60% in the last decade, and is now valued at roughly 400 Billion dollars.
33. 3:43That commercial success is matched in importance by the knowledge gained from private research conducted on the space station.
34. 3:50It's knowledge that spans hundreds of disciplines, and will help millions here on Earth,
35. 3:56as well as those traveling beyond the reaches of our planet for years to come.
36. 4:03For more information about how private companies can conduct their research on the Space Station, go to www.nasa.gov/iss-science.
37. 4:13To discover more about the space on, around, and beyond our planet visit science.nasa.gov

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