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FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

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U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

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Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google
TechSpace Tourism

NASA Reverses Course on Space Tourism, Opens ISS to Private Astronauts, Companies

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
June 7, 2019, 1:50 PM ET
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After years of restricting access to the International Space Station to its own astronauts, NASA is now planning to let private citizens and corporations visit the orbiting laboratory.

While that will certainly encourage multi-millionaire daredevils (who previously had to go to Russia if they wanted to visit the space station), NASA believes the real potential could be corporate.

NASA is letting companies bid for activities on the ISS to “enable commercial manufacturing and production and allow both NASA and private astronauts to conduct new commercial activities aboard the orbiting laboratory.”

This will broaden the scope of the research that can be done on the ISS beyond the current parameters of scientific research.

Private missions of up to 30 days are available for two individuals per year starting in 2020, with companies like SpaceX, Jeff Bezos’ Blue Origin and Boeing handling the tourism side. From that, NASA will pick up $35,000 per day, but the entire trip is likely to cost tens of millions of dollars per person.

“Market studies identified private astronaut missions to low-Earth orbit as a key element to demonstrate demand and reduce risk for future commercial destinations in low-Earth orbit,” NASA said.

The policy change is meant to help the space agency raise additional funding and reduce its own operating expenses. NASA has been considering the change since late last year.

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Catch up with Data Sheet, Fortune‘s daily digest on the business of tech.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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