The US government is helping get cash to private space companies, replacing frozen venture capital

Frozen private capital has led U.S. civil and military agencies to step up or accelerate funding to space companies during the coronavirus crisis.

NASA is opening up the International Space Station for tourists with the first mission as early as 2020.as the coronavirus pandemic strikes the U.S., leading both civil and military agencies to step up funding for corporate partners. "For a lot of U.S. companies, when investors are retrenching, the government is stepping up and either increasing their investment or providing advances to some of these companies," Anderson said. "Having the government as a lifeline is really important, particularly relevant for infrastructure companies that are launching satellites and hardware."

A look at the first Lockheed Martin-built GPS III satellite as it is put into the nosecone of a SpaceX Falcon 9 rocket. "DIU is positioned to address new or expended prototype efforts involving commercial technology quickly, leveraging our Commercial Solutions Opening award process," Butow said.Rocket Lab's payload of 13 satellites for the Educational Launch of Nanosatellites 19 mission for NASA.Space Capital expanded its quarterly report beyond space infrastructure companies, such as those building rockets or satellites.

Translated: Elon Musk gets a yet another Government handout.

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Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »