Pros And Cons Of The Privatization Of Space
Definitions
Private space contractors - non-governmental organizations that fund endeavours in space. While some of these companies plan to pursue space research, others plan to mine asteroids.
Kármán line - located 100 Kilometers (62 miles) above sea level, the Karman line the boundary between Earth’s atmosphere and space commonly knowns as where space starts from.
International Space Station (ISS) - the ISS is a large spacecraft that orbits Earth which is a home for astronauts as well a data collecting science lab. Launched in 1998 and receiving its first crew in 2000, astronauts from around the world have lived on it ever since.
Introduction
Once a government monopoly, today space travel has now been expanded to private corporations. The resulting pros and cons have left the international community with questions to answer and decisions to make on the use of private companies in space.
The privatization of space endeavors have brought on exciting new opportunities. The privatization of space companies have opened up orbital access to poorer countries and brought a commercial aspect to space exploration. Corporations envision humans traveling into space tourists, an avenue that would expand the horizons of humans on Earth. Expert Taylor Dinerman pointed out that “asteroids [can] be mined for precious minerals that are unavailable or exhausted on Earth. Even better, the privatization of the space industry would lead to greater competition which would theoretically
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