NASA budget reveals even more reliance on private companies like SpaceX and Blue Origin

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The White House wants $21 billion for NASA, and the budget request reveals opportunities for private space companies to earn lucrative future awards, several industry analysts told CNBC.

The White House unveiled NASA's 2020 budget on Monday and the $21 billion requested from Congress reveals new opportunities for private space companies to earn lucrative future awards, several industry analysts told CNBC.

"I think SpaceX certainly are going to be big winners as a result of this budget," Chad Anderson, CEO of Space Angels, told CNBC. Musk's space company, as well as Jeff Bezos' venture Blue Origin, are both developing spacecraft capable of landing on the moon. There is"no doubt" both companies are working with NASA on landing on the moon and other planetary bodies, Anderson said.

In the past year alone, NASA has moved two of its missions from SLS to commercial options: Lunar Gateway's"power and propulsion element" and the Europa Clipper mission to Jupiter, planned for 2023. "The big ship is slowly starting to tack and change course and these are the early signs that people are paying attention," Anderson said."The private companies' capability is real and comes at a cheaper price point."

 

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