US to pay Bezos to colonize space

RT.com
03 Dec 2021, 23:20 GMT+10

American space agency NASA has allocated over $415 million to three US companies, including Jeff Bezos? Blue Origin, to design private space stations and other commercial destinations in orbit.

Bezos' company will receive $130 million, Nanoracks - a provider of commercial access to space - will get $160 million, and multinational aerospace and defense technology company Northrop Grumman will be given $125.6 million.

In a statement on its website, NASA says it seeks to maintain a US presence in orbit by transitioning to other platforms, as the International Space Station is set to cease operations by the end of the decade.

The statement goes on to explain that the awards will stimulate the development of commercial space stations by the private sector that will be available to both government and private sector customers.

"We are partnering with US companies to develop the space destinations where people can visit, live, and work, enabling NASA to continue forging a path in space for the benefit of humanity while fostering commercial activity in space," said NASA Administrator Bill Nelson.

NASA has already partnered with the private industry. Elon Musk's space company SpaceX puts satellites into orbit, delivers cargo and, more recently, launched a crew to the ISS. In April, NASA awarded a contract to SpaceX for $2.9 billion to use a rocket named Starship to take astronauts to the moon.

For more stories on economy & finance visit RT's business section

(RT.com)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Beijing Bulletin.

More Information

-2 ℃

Fog in Beijing/Capital

Technology

Section

Promise of new 5G cellular includes greater speed, more data

NEW YORK CITY, New York: Telecom companies have rolled out 5G networks in various locations across the United States over ...

COVID virus linked with headaches, altered mental status in hospitalised kids: Study

Pittsburgh (Pennsylvania) [US], January 22 (ANI): A new study has revealed that 44 per cent of hospitalised children who tested ...

Private space investment hits all-time high

$14.5 billion was poured into the space industry last yearResearch by New York-based firm Space Capital showed that space infrastructure ...

Study finds physician mental health care visits increased during first year of pandemic

Ontario [Canada], January 22 (ANI): A new study found that the annual rates of outpatient visits for mental health and ...

Man kills parents who discovered he faked SpaceX job offer

Wisconsin man killed and dismembered his parents after they discovered a ?web of lies? about his jobA Wisconsin man accused ...

Piyush Goyal asks Indian industry to target 75 unicorns in 75 weeks to mark 75th anniversary of Independence

New Delhi [India], January 21 (ANI): Union Commerce and Industry Minister Piyush Goyal on Friday called upon the Indian industry ...

Business

Section