The United States faces growing competition and increasing threats in the space domain from countries like Russia and China, each of which possess technologies capable of targeting U.S. space assets. At the same time, the global space economy is primed for liftoff, as technological advances and scientific breakthroughs unlock space-based investments and make the promise of space resources within reach. According to some estimates, within the next two decades, ventures like space tourism, the harnessing of solar energy, and space mining will propel the overall value of the space economy to $1 trillion.
America’s leaders must understand the scale and implications of the unfolding space race to best react to the threats and opportunities in this domain. Infrastructure For The Future seminar series is designed to broaden the knowledge base among key officials and stakeholders through a wide range of educational activities.
MAY 19, 2021
8:30am - 10am EST
Federal Appropriations and the Future of Space Development
Federal Appropriations and the Future of Space Development Federal investment in space infrastructure will yield massive economic growth, supporting civil and national security space efforts while creating a sustainable path for new space economy jobs. Participants will review key Fiscal Year 2022-2023 Federal budget impacts on issues including timelines, Congressional actions and Agency funding options.
Kevin O'Connell, Former Director, Office of Space Commerce
Tim Chrisman, Founder & Executive Director, Foundation For The Future
John Chwat, Director of Government Relations, Foundation For The Future
1. Role of Federal Appropriations in Space Economy
2. The ups and downs
3. One proposed solution - SPACE Corporation Act
4. Economic benefits of space infrastructure
5. Next steps
THE NEXT GREAT STRATEGIC FRONTIER
Space represents the next great strategic frontier for the United States. Our history is full of examples of visionary transportation leadership across sea, land, and air; that history demands that we lead in space. The nation’s space enterprise is facing tremendous change, driven by technology advancements, entrepreneurial investments, new business models, rapidly changing threats, and a complex geopolitical landscape. Navigating this multifaceted domain requires experience and vision.
TO REDUCE POLITICAL UNCERTAINTY
The Foundation for the Future created the SPACE ACT of 2021 to initiate debate and consideration on the future of space development and the urgency for the primacy of the United States to support a private/public sector federally chartered corporation for space infrastructure and enhancement of projects to the Stars.
The SPACE Corporation Act will create a private-public corporate structure, SPACE Corp to finance space projects and offer:
Loan guarantees through commercial lending institutions to support technology innovations
An investment fund to provide support to new space companies
Grants to small businesses and other starting entrepreneurs in the space sector
Support for the "public benefit" space infrastructure projects through bonds and other financing opportunities