If a company can reach as asteroid like Eros, it gets to keep the booty within. (credit: NASA/JHUAPL)
During the last 15 years one of the most promising developments in US spaceflight has been a proliferation of new businesses entering the sector. It's not just SpaceX, but rather a host of companies such as Blue Origin, Virgin Galactic, and many others seeking to make a buck or two in outer space.
On Tuesday evening Congress took a key step toward encouraging the development of this industry by passing on H.R. 2262, the US Commercial Space Launch Competitiveness Act, with bipartisan support. The legislation provides a number of pro-business measures, such as establishing legal rights for US citizens to own resources in outer space as well as extending indemnification for commercial launches through 2025.
"This bill provides the boost America’s private space partners need as they lead the world into the future," said Lamar Smith, a Texas Republican who chairs the House Science, Space, and Technology Committee. "This bill will keep America at the forefront of aerospace technology, create jobs, reduce red tape, promote safety, and inspire the next generation of explorers."
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