This book offers a comprehensive overview of current space exploration in terms of geopolitical and commercial aspects. Despite multiple attempts to foster commercial activities in the field of space exploration, for decades the domain largely continued to be funded and led by governments in the form of national and international programmes. However, the situation changed with the retirement of the Space Shuttle and the introduction of NASA’s Commercial Orbital Transportation Services (COTS) programme, which employed an innovative procurement scheme based on competitive, performance-based, fixed-price milestones. The success of this programme marked an important milestone in the evolution of the relationship between government and industry. The growing opportunities for private actors to make more prominent contributions to space exploration also lie in the “New Space” ecosystem, a sectoral transformation characterised by a substantial increase in private investment and the emergence of commercial efforts to develop disruptive concepts and address new markets.

We must understand that with the possibility of commercial space travel on our horizon, it comes with a number of significant practical and moral challenges. This volume provides the first comprehensive and unifying analysis concerning the rise of private space exploration, with a view toward developing policy that may influence real-world decision making. The plethora of questions demanding serious attention - privatisation and commercialisation, the impact on the environment, health futures, risk assessment, responsibility and governance - are directly addressed in this scholarly work.

This first account of commercial spaceflight’s most successful venture describes the extraordinary feats of engineering and human achievement that have placed SpaceX at the forefront of the launch industry and made it the most likely candidate for transporting humans to Mars. Since its inception in 2002, SpaceX has sought to change the space launch paradigm by developing a family of launch vehicles that will ultimately reduce the cost and increase the reliability of space access tenfold. Coupled with the newly emerging market for governmental, private, and commercial space transport, this new model will re-ignite humanity's efforts to explore and develop space. Formed in 2002 by Elon Musk, the founder of PayPal and the Zip2 Corporation, SpaceX has already developed two state-of-the-art new launch vehicles, established an impressive launch manifest, and been awarded COTS funding by NASA to demonstrate delivery and return of cargo to the ISS. This book describes how simplicity, low-cost, and reliability can go hand in hand, as promoted in the philosophy of SpaceX. It explains how, by eliminating the traditional layers of internal management and external sub-contractors and keeping the vast majority of manufacturing in house, SpaceX reduces its costs while accelerating decision making and delivery, controls quality, and ensures constant liaison between the design and manufacturing teams.

Not since man set foot on the moon over four decades ago has there been such passion and excitement about space exploration. This enthusiasm and eagerness has been spurred on by the fact that for the first time since the very beginning of the space age, space travel is no longer limited to an elite group of highly trained and well-disciplined military officers and test pilots. Instead, we must understand that the possibility of commercial space travel is already on our horizon and that it comes with a number of significant practical and moral challenges. Our level of scientific development and ability to influence international affairs and policy confers upon us an obligation to study the ethical, legal and social considerations associated with space exploration and understanding the potential consequences from the beginning is critical. This volume provides the first comprehensive and unifying analysis concerning the rise of private space exploration, with a view toward developing policy that may influence real-world decision making. The plethora of questions demanding serious attention - privatisation and commercialisation, the impact on the environment, health futures, risk assessment, responsibility and governance - are directly addressed in this scholarly work.

Young addresses the impressive expansion across existing and developing commercial space business markets, with multiple private companies competing in the payload launch services sector. The author pinpoints the new markets, technologies, and players in the industry, as well as highlighting the overall reasons why it is important for us to develop space. NASA now relies on commercial partners to supply cargo and crew spacecraft and services to and from the International Space Station. The sizes of satellites are diminishing and their capabilities expanding, while costs to orbit are decreasing. Suborbital space tourism holds the potential of new industries and jobs. Commercial space exploration of the Moon and the planets also holds promise. All this activity is a catalyst for anyone interested in joining the developing space industry, from students and researchers to engineers and entrepreneurs. As more and more satellites and rockets are launched and the business of space is expanding at a significant pace, it is increasingly important for scientists and engineers of many disciplines to understand how the business evolved and where it is continuing to develop. The growing field is fully explored in this concise overview to the players in this changing landscape.

Is commercial space travel or space tourism sustainable, or is outer space exploration too risky for commercial use?