Desert Falcon's Archives
NASA to Spend $50 Million to Spur Commercial Spacecraft
August 10, 2009
NASA plans to spend up to $50 million in federal stimulus money to help foster development of commercial spacecraft for launching astronauts and cargo into space.
Under the plan, NASA will competitively award Space Act agreements to promising private companies to boost their commercial spacecraft work. NASA said last week that it intended to issue a formal Commercial Crew and Cargo Program solicitation. Proposals will be due 45 days later with multiple awards expected in November.
In mid-July, Congress signed off on the agency's plan to spend $1 billion in American Recovery and Reinvestment Act funds.
READ MORE: Space News
