Improvements in the safety, reliability and affordability of current and future space transportation systems must be achieved if NASA is to perform its mission and if the U.S. space industry is to reach its full potential. In response to Presidential Policy in 1994, NASA, working with our industrial partners, initiated several efforts including the X-33, X-34, X-37 and Advanced Space Transportation programs with the goal of demonstrating the technologies that could enable these goals. We have learned that emerging technologies will enable the needed advancements but that more development along multiple, competing paths is needed. We have learned that developing requirements diligently and in partnership with industry will allow us to better converge with commercial capabilities. We have learned that commercial markets are not growing as fast as projected earlier, but there are still possibilities in the near-term to pursue alternate paths that can make access to space more robust. The goal of transitioning NASA's space transportation needs to commercial launch vehicles remains the key aim of our efforts and will require additional investment to reduce business and technical risks to acceptable levels.