Cygnus approaches ISS (Credit: NASA)

WASHINGTON (NASA PR) — Ten years ago, on August 18, 2006, NASA announced agreements with two private companies that dramatically changed the way NASA does business and the landscape for the commercial space industry.

The announcement was rooted in long term trends dating back to the 1980s, but the immediate cause of this change can be traced to the report of the President’s Commission on Implementation of United States Space Exploration Policy. In the wake of the Columbia accident in 2003, and the announcement of the Vision for Space Exploration by President Bush in early 2004, the Commission was tasked with coming up with recommendations about future space policy.

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Falcon 9 launches the Dragon CRS-9 mission to the International Space Station. (Credit: NASA)

NASA’s new publication, “Economic Development of Low Earth Orbit,” consists of a series of papers that examines a number of important policy questions that will be of rising importance as NASA transitions human spaceflight in LEO to the private sector.

One of the papers, “Venture Capital Activity in the Low-Earth Orbit Sector,”
has detailed information on what U.S. venture capitalists have invested in. Key excerpts from the paper follow.
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ASTROTECH PRESS RELEASE

Astrotech Corporation (NASDAQ:ASTC), a leading provider of commercial space services, today announced financial results for the third quarter ended March 31, 2009 of its fiscal year 2009.

Third Quarter Results

The Company posted a third quarter fiscal year 2009 net income of $3.6 million, or $0.21 per diluted share on revenue of $11.8 million compared with a third quarter fiscal year 2008 net loss of $0.8 million, or $0.06 per diluted share, on revenue of $6.6 million.

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Embattled Space Florida – stung by criticism from a legislative audit and negative press about its effectiveness – released a letter of support today from SPACEHAB, a company with which it has worked closely.

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SPACEHAB PRESS RELEASE

SPACEHAB, Incorporated News, a provider of commercial space services, announced today the outcome of the Company’s shareholder meeting held on February 10, 2009.

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SPACEHAB QUARTERLY STATMENT

SPACEHAB posted a second quarter fiscal year 2009 (December 31, 2008) net loss of $1.6 million, or $0.09 per share, on revenue of $3.8 million compared with a second quarter fiscal year 2008 (December 31, 2007) net loss of $32.8 million, or $4.36 per share, on revenue of $4.3 million.

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SPACEHAB PRESS RELEASE

SPACEHAB Incorporated, a leading provider of commercial space services, reached an agreement in principal with RSC Energia, Russia’s largest manufacturer of aerospace and space equipment, to provide facilities and support services for its Mini Research Module (MRM1).

The MRM1 will be readied for its journey aboard the U.S. Space Shuttle at the SPACEHAB Cape Canaveral payload processing location. Manifested to fly on STS-132 during the Space Shuttle’s final mission in April 2010, the MRM1 will act as a docking port extension for the Russian Soyuz and Progress vehicles that have transported astronauts and cosmonauts.

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SPACEHAB PRESS RELEASE
13 November 2008

SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced financial results for the first quarter ended September 30, 2008 of its fiscal year 2009.

First Quarter Results
SPACEHAB posted first quarter fiscal 2009 net income of $55,000, or $0.00 per share, on revenue of $6.0 million compared with first quarter fiscal year 2008 net loss of $856,000, or $.66 per share, on revenue of $8.6 million.

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Spacehab Press Release 10 October 2008 SPACEHAB, Incorporated, a leading provider of commercial space services, today announced its receipt of a NASDAQ Staff Determination letter on October 7, 2008 indicating that the Company has failed to regain compliance with NASDAQ Marketplace Rule 4310(c)(4), and that its securities are, therefore, subject to delisting from The NASDAQ Capital Market. Marketplace Rule 4310(c)(4) requires that the Company maintain a $1.00 bid price for […]

Spacehab and NASA announced an agreement on Friday to use the International Space Station for research and development aimed at creating commercial products on Earth. “The finalization of this agreement unlocks an entirely new market for us,” said Thomas Pickens III, chairman and CEO of the Webster, Tex.-based company. “The ability to utilize the unique microgravity environment for industrial processing purposes is expected to revolutionize a myriad of industries. We […]