Space commerce in a global economy: Comparison of US and Australian approaches

The United States and Australia are among the 20 or more nations of the world having industries currently engaging in some form of space commerce. As a matter of national policy, the United States has encouraged private investment and involvement in space activities since 1984, when the Congress declared it in the best interest of the Nation that NASA '...seek and encourage to the maximum extent possible, the fullest commercial use of space.' Australia's space policy, announced in 1986, has the objective of encouraging greater involvement by industry in space research and development, and the development of commercial space activities. This paper discusses the underlying policies, current status, and prospects for the future of commercial space business activities in the two countries.