Abstract
In the USA, and also in some Western European countries, there is noticeable business and government confidence in a larger, more productive role for private invetment in space applications. The industrialization of space is now a serious possibility. This paper examines the role of private interests in this field, explores how government can stimulate or assist private space ventures particularly through removing barriers to investment and offering incentives, and discussess the pros and cons of possible policy initiatives.
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