. 24/7 Space News .
Commercial Spaceflight Gets A Boost With Latest Congressional Moves
by Staff Writers
Bethesda MD (SPX) Nov 10, 2015

File image: XCOR Aerospace.

The Commercial Spaceflight Federation (CSF) is the trade association of the commercial spaceflight industry. Much of its membership consists of those companies that are thought of as entrepreneurial start-ups that are trying to advance commercial space activities.

The list includes Bigalow Aerospace, Blue Origin, Masten Space Systems, Planetary Resources and XCOR Aerospace. In addition there are several commercial spaceport members including Mojave Spaceport, Spaceport America and Virginia Commercial Space Flight Authority.

One of the ongoing activities of CSF is lobbying for the reauthorization of the U.S. Commercial Space Launch Competiveness Act (CSLA). CSF recently pointed out that when the CSLA was last updated in 2004, it incentivized high levels of investment, innovation and economic growth in commercial space flight activities. The new legislation (H.R. 2262) will allow continued growth and expansion of this industry.

The U.S. Government Accountability Office (GAO), in its 2012 release GAO-12-767T, entitled: "Commercial Space Launch Act - Preliminary Information on Issues to Consider for Reauthorization," addressed the sensitive issue of indemnification for third party losses. In its testimony before a House subcommittee the GAO indicated that the U.S provides less indemnification for third party losses than China, France, and Russia.

These countries put no limit on the amount of government indemnification coverage, while the CSLA provides for about $2.7 billion per launch. According to historical records, such a commitment to pay has never been tested, because there has never been a third party claim exceeding a launch company's insurance.

Thus, the potential cost to the government of indemnification for third party losses is currently unclear.

Insurance industry officials and risk modeling experts have indicated FAA's method for estimating probable losses from a rare catastrophic event are outdated. An inaccurate calculation that understates the amount of insurance a launch provider must obtain would increase the likelihood of costs to the federal government, whereas a calculation that overstates the amount of insurance would decrease the likelihood of federal costs.

The insurance market is generally able to provide up to $500 million per launch as coverage for third party liability. The FAA required insurance for launch providers averages about $99 million per launch, and coverage available through CSLA is about $2.7 billion above that.

If the CSLA indemnification were to be eliminated, this may lead to higher prices for U.S. launch provider services, making them less competitive than foreign launch companies.

Launchspace is offering a great deal of insight into commercial space business through its new course on Emerging Commercial Space - Opportunity to Build your Business Case. Check it out here.

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once

credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly

paypal only


Related Links
Launch Pad at Space-Travel.com

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
SpaceLoft demonstrates capability to eject separate payloads requiring independent re-entry
Spaceport America NM (SPX) Nov 09, 2015
Spaceport America, the world's first purpose-built, commercial spaceport, announced the successful launch of an UP Aerospace SpaceLoftrocket carrying several scientific and engineering experiments. The launch took place this morning at 8:01 MST from Spaceport America's Vertical Launch Complex-1 on the East Campus. This launch represents Spaceport America's 24th overall launch and the fourth from ... read more

Gaia's sensors scan a lunar transit

SwRI scientists explain why moon rocks contain fewer volatiles than Earth's

All-female Russian crew starts Moon mission test

Russian moon mission would need 4 Angara-A5V launches

Amnesia Event Slows Down Opportunity Robotic Arm Work

Swiss Camera Leaves for Mars

NASA mission reveals speed of solar wind stripping Martian atmosphere

Martian desiccation

Orion Service Module Stacking Assembly Secured For Flight

Global partnerships in orbit support economic growth on and off the Earth

Magic plant discovery could lead to growing food in space

NASA Armstrong Hosts Convergent Aeronautics Solutions Showcase

China's self-developed Mars probe to be on show

Could Sino-U.S. cooperation bring the Martian home?

China's scientific satellites to enter uncharted territory

Declaration approved to promote Asia Pacific space cooperation

US astronauts dodge ammonia on risky spacewalk

UK astronaut dreams of heavenly Christmas pudding

NASA drops Boeing from race for $3.5 billion cargo contract

Space Station offers valuable lessons about life support systems

Commercial Spaceflight Gets A Boost With Latest Congressional Moves

The 10th Arianespace mission of 2015 is "go" for its Ariane 5 liftoff next week

USAF releases first Booster Propulsion Technology Maturation BAA Award

SpaceLoft demonstrates capability to eject separate payloads requiring independent re-entry

Distant world's weather is mixed bag of hot dust and molten rain

Disk gaps don't always signal planets

Finding New Worlds with a Play of Light and Shadow

Did Jupiter Expel A Rival Gas Giant

New ORNL catalyst features unsurpassed selectivity

Cyclic healing removes defects in metals while maintaining strength

Microscopy unveils lithium-rich transition metal oxides

Scanning reveals anomalies in Great Pyramid at Giza

The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.