Who is leding in Space Privatization?
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The International Space Station is the most expensive public project ever built in the history of humanity. Companies like NanoRacks, SpaceX, and Blue Origin have already entered the conversation of what the future will look like for the ISS. Now, it's important to entertain only the serious contenders in the space race.
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PETER WARD

Peter Ward studied journalism at the University of Sheffield before moving to Dubai, where he reported on the energy sector. After three years in the Middle East, he earned his master’s degree in business journalism from Columbia University Journalism School. His work has appeared in GQ, Bloomberg, The Economist, and Newsweek. He lives in New York City.
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TRANSCRIPT:

PETER WARD: When we think about the International Space Station we think of it rightly as the most expensive public project ever built in the entire history of humanity, but it's not just public anymore. There are a lot of private companies involved in it and in the future we could see a lot more private companies either on the International Space Station operating it or competing with it. The great thing about SpaceX and Blue Origin and other private companies making launch prices less costly means there's been a group of entrepreneurs that have come in behind them and they've been enabled in their mission. The transparency of the launch costs means that you can build a business plan now before you even go anywhere. And then you can get funding and then you can go. So there's a lot of smaller companies that are coming in behind SpaceX and Blue Origin which maybe you don't hear so much of, but doing fantastic things.

For example, NanoRacks is a company which is on the International Space Station right now. It has a really cool history of the company. Their CEO, a guy called Jeffrey Manber, he was actually in the negotiations between America and the Soviet Union over the International Space Station when it was first built. He was actually on the Russian side though because he saw Russia was going to get private space economy before America at that time. So, a really interesting character. He essentially what he does is he provides a service to anyone that wants it where they can launch a satellite or they can conduct experiments or use the International Space Station for research and they go through him rather than through NASA. So he owns a section of the International Space Station he essentially rents out and then any academic organization or country or anyone can go to NanoRacks and say we want to use this bit of space to do this research or we want to launch a satellite straight from the International Space Station. So that's a really cool company.

And there are several others in the space station. The space station sector is really fascinating because you have the International Space Station which is no one knows when it's going to happen but at some point it's going to be decommissioned or handed over to a private entity. So there are various companies that are either competing to become that private company that will take over the International Space Station or to launch their own International Space Station. And Jeffrey Manber at NanoRacks is one of those guys who wants to have a private space station. He wants to take the disused parts of rockets which go up and put them together and create a space station that way. There's Bigelow who has his inflatable modules who wants to make a space station that way possibly. And there's a few others. Axiom is a really serious organization. It's run by people who used to be in charge of the International Space Station for NASA so it's got some great expertise, it's got some great leaders.

I would say that the head of the race to – if a company were to take over the International Space Station it would probably be Axiom at this point. They're super serious. They know what they're doing and either they will take over the access or they'll launch their own. I think the one thing that they are doing is they've taken a kind of a – they're not going the inflatable route. They're going the way of building the entire space station on the ground and then sending it up which is quite expensive and not the most efficient. A lot of people would do it differently these days. There's more I guess innovative ways of doing it such as the inflatable modules and taking spent rocket parts and building it that way...

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