![]() Some are seeking to establish tourism in space, allowing short trips to space if you have the cash to spare. Many companies are now looking to lead the charge in spaceflight. This update to US law allows US citizens to "engage in the commercial exploration and exploitation of 'space resources.'” This may sound familiar to some of our space capitalists. This eventually culminated in the passage of the SPACE Act. Since that time, private companies have slowly but surely come to play a vital role in space operations, with the red tape of regulation gradually being peeled away. Even so, it was still two more decades - in 1984 - before companies could consider launching these satellites themselves. ![]() It was back in 1962 that the first was step was taken, with the Communications Satellite Act (as you may expect, this essentially started setting the rules for commercial satellite use). The road to privatization began well before you may think, at least in the USA. While we’re still a fair ways off from the Martian Markets we know and love, many steps have already been taken to get us closer to that goal. It’d be pretty difficult to have an open, competitive market on Mars if we didn’t have companies there to do the competing. However, with the recent launch of SpaceX’s Falcon Heavy, this seemed a good time to touch on an idea that’s core to Offworld Trading Company: the privatization of space back here on Earth. ![]() Greetings Offworld CEOs! Work continues on Offworld, but we don’t have anything to show off just yet.
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