U.S. Commercial Space Sector: Matured and Successful

Abstract:     
Comments that the US commercial space sector is well-developed, successful and economically sustainable. The US government has laid down a space infrastructure which has allowed the country to enjoy the benefits of such a highly competitive industry. Argues that there are six galvanising factors which have accelerated the growth of the US space commerce since its conception in 1962 to the present day. These factors are: (1) the International Geophysical Year, (2) the creation of a space agency - NASA, (3) Presidential leadership, (4) private competitions and bold space pioneers, (5) political and legislative support, and (6) the creation of a single regulatory authority.

Number of Pages in PDF File: 23

Keywords: U.S. Commercial Space Sector, the Space Age, the New Space Age, International Geophysical Year, NASA, FAA, Augustine Commitee, American Law

JEL Classification: K19, K39

Accepted Paper Series