Image credit: NASA
May 13, 2020
What the government should or should not do to help space industry
The COVID-19 economic slowdown will have lasting implications on the new space sector. Yet the United States cannot afford another lost decade of commercial space innovation. Adversaries are building their own space ecosystems, one of the few areas where America was widening the technological gap before the crisis. They are also targeting existing U.S. space architectures.
Commercial space firms are not a major source of job creation or gross domestic product, which is why it is challenging for Congress to issue a more systemic bailout. They are, however, an engine of American ingenuity and provide critical national security capabilities. On this account, the government needs to play a role in ensuring their long-term success.
Read the full article in Space News.
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