The Commercial Space Industry
1.) On April 12, 1961, Yuri Gagarin became the first to orbit the earth and enter space itself (NASA, 2011). Since then, man has made many accomplishments towards space travel. Neil Armstrong was the first man to walk on the Moon in 1969. The Space Shuttle Program put many astronauts in space. The International Space Station (ISS) was established in 1998. These amazing accomplishments have not been without sacrifice, though. In 1986, The Challenger Space Shuttle blew up just after launch killing all aboard. Now in the present day, companies like Space-X and Virgin Galactic are ever expanding the possibilities of realistic space exploration for regular people. 2.) Commercial space regulations were first enacted in 1984 with the introduction of the Commercial Space Launch Act of 1984. According to the FAA, the purpose of the regulation is that it "authorizes the Department of Transportation (DOT) and, through delegations, the Federal Aviation Administration's (FAA) Office of ...