Space commercialization: Lessons from history

Private enterprise seeks to undertake virtually any activity that is institutionally and technologically feasible and that promises a high return on investment. Commercial activities in space would seem to be no exception. Indeed, it is reasonable to expect that, at some future date, commercial activities in space will overshadow government-sponsored research and military activities combined. But this date remains well into the future, it is highly uncertain, and it depends on government policies. Two major factors inhibiting further space commercialization are the current lack of necessary infrastructure and the lack of viable commercial activities. The necessary infrastructure is developing with the increasing operational status of the Space Shuttle and plans for a space station. It remains, however, to place increasing emphasis on the conduct of research in space to identify valid commercial uses of space.