Wednesday, August 10, 2011

Seeding NewSpace

NASA has let two-year contracts totaling $10 million in value to seven American NewSpace companies that call on the companies to fly scientific payloads and researchers on suborbital flights reaching 62 miles out, which is regarded as the edge of space.

The dollar amount isn't overly impressive, especially when spread among seven companies, but NASA is trying to use it as seed money to encourage the development of technologies and capabilities necessary for our continued expansion into space.

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