Page 71 - International Space Station Benefits for Humanity, 3rd edition.

B4H 3rd Edition
Scientific
Economic
Valuation
Valuation
B4H 3rd Edition
ECONOMIC
SCIENTIFIC
VALUATION
VALUATION
Economic
Scientific
Valuation
Valuation
SCIENTIFIC
ECONOMIC
VALUATION
VALUATION
Economic Development
of Space

Human Earth Observation Innovative Global Economic
Health and Disaster Technology Education Development

Response of Space

Human Earth Observation Innovative The International Space Station (ISS) has proven its value as a platform for
Economic

Global advancing the boundaries of understanding in a broad portfolio of research
disciplines and technology development areas. However, it also serves as an
Health and Disaster Technology Education Development
incubator for new businesses and test bed for new business models. This supports
a shift in procurement strategies from a paradigm of government-funded, contractor-
provided goods and services to a commercially provided, government-as-one-of
many-customers approach.
Response This interest in promoting a more commercially oriented market in low-Earth orbit
of Space
(LEO) is driven by several goals. First, it can stimulate entirely new markets not
achievable in the past. Second, it creates new stakeholders in spaceflight and
represents great economic opportunity. Finally, and perhaps most importantly,
it allows cross-pollination of ideas, processes, and best practices as a foundation
for economic development.
This section will look at ISS contributions to the growing space economy, from
commercial firms spending some of their research and development funds to conduct
research on the space station, to commercial service providers selling unique services
to users of the ISS, to emerging market developments in the LEO economy.

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