The dawn of commercial spacefaring and the rise of private companies
In short: Private companies are now launching their own spaceships and designing orbital stations, achieving milestones once reserved for national agencies. This video explores this shift and the world's first commercial spaceport.
The landscape of space exploration is changing as private entities begin to perform tasks previously exclusive to national agencies, such as flying and recovering orbital crafts. On 25 May 2012, a major breakthrough happened as the initial private vessel docked at the International Space Station.
This transition marks the beginning of commercial spacefaring, where private companies are not just launching vessels but also designing their own orbital stations.
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Sources
- Summary by Intellect · source: ESA Euronews: Private Space
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