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Space commerce

The scientific discoveries resulting from space exploration have created new industries and technologies that improve our lives, our economy, and our national security. Technological advancement of commercial space activities has created profitable opportunities. However, current government regulations are an impediment to the commercial space sector. We will advocate for the industry to ensure the United States remains the leader in space commerce.

Related Content

Remarks by U.S. Commerce Secretary Wilbur L. Ross at the Risk and Opportunity Space Summit Opening

Speeches
Thank you, Kevin, for that kind introduction. Good morning everyone, and welcome to the U.S. Department of Commerce. We appreciate your being here for the second in a series of summits we are hosting as we seek to build the space industry from its current level of $400 billion, to a trillion dollars. The first event last December focused on new opportunities for financial investment in the space...

Op-Ed by Commerce Secretary Wilbur L. Ross: Launching Toward a $1 Trillion Space Economy

Op-eds
Nearly 60 years ago, a lone American was launched into the great unknown of space — John Glenn had been sent on an orbital mission spanning thousands of miles, skimming the Earth’s atmosphere. Today, America’s leadership in space continues unabated. But it looks quite different. After the Space Shuttle program concluded in 2011, it appeared that Florida’s Space Coast would turn into a “Ghost Coast...

Remarks by Commerce Secretary Wilbur L. Ross at the Department of Commerce Space Investment Summit

Speeches
(Introduced by James Uthmeier, Senior Advisor, Office of Policy and Strategic Planning, U.S. Department of Commerce) Thank you, James, for that kind introduction, and welcome everyone to the U.S. Department of Commerce for our first-ever Space Investment Summit. Thank you to the speakers for being here, and for those of you from government, industry, academia, and elsewhere for taking the time out...

Remarks by U.S. Commerce Secretary Wilbur L. Ross at the U.S. Chamber of Commerce Space Summit: Industry Taking Off

Speeches
Thank you, Caroline, for that kind introduction, and good afternoon, ladies and gentlemen. It’s great to be back at the Chamber of Commerce. You’ve had an exciting day of discussions. It’s an honor to follow to the podium NASA Administrator Bridenstine, Air Force Secretary Heather Wilson, and even Commerce’s own Dr. Neil Jacobs from NOAA. They will be key to the future of human activity and...

Remarks by U.S. Secretary of Commerce Wilbur L. Ross at the 2018 National Competitiveness Forum

Speeches
Thank you for inviting me to your Forum. Today’s discussion is extremely important to the future course of our country. Global industrial competitiveness continues to be one our greatest and most complex national challenges. Thank you, Sam Allen, for leading the Council on Competitiveness from your perch atop Deere & Co., one of our most iconic and innovative American companies. We all know that...

U.S. Secretary of Commerce Announces Minority Business Development Agency Grant Awards

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Minority Business Development Agency (MBDA) of the Department of Commerce awarded over $13 million to 35 projects in communities across the country. The grants, which are part of MBDA’s new Broad Agency Announcement initiative, reflect critical Department of Commerce priorities including space commerce, aquaculture, disaster relief,...

Spurring Innovation During National Entrepreneurship Month

Blog
By: Karen Dunn Kelley American ingenuity has powered our nation through advances in technologies such as integrated circuits, personal computers, and the Internet. Through recessions and economic booms, innovation has remained the hallmark of the U.S. economy. Americans have consistently invented revolutionary new technologies and, in the process, created immense global industries. If the United...

Remarks by U.S. Commerce Secretary Wilbur L. Ross at the Aerospace Industries Association Board of Governors Meeting

Speeches
Good morning, and thank you for the warm introduction. Today is an exciting time for aerospace industries in America. The economy is strong. Tax cuts and deregulation are maximizing business opportunities and creating jobs. And domestic manufacturing is growing at an unprecedented rate. Over the last year, U.S. manufacturing added well over 300,000 jobs, the most since 1995. Under the Trump...

Space Policy Directive 3 Brings Space Traffic Coordination to Commerce

Press releases
Today, U.S Secretary of Commerce Wilbur Ross praised President Donald J. Trump’s signing of Space Policy Directive 3 (SPD-3), America’s first National Space Traffic Management Policy. The policy acknowledges the rapidly increasing volume and diversity of commercial space activity and announces that the Department of Commerce should be the new civil agency interface for space traffic management...

Remarks by Secretary Wilbur L. Ross at the NTIA Spectrum Policy Symposium

Speeches
Introduced by David Redl, Department of Commerce Assistant Secretary for Communications and Information, and Administrator of the National Telecommunications and Information Administration. Thank you, David, for your kind introduction. Thanks to all of you for attending this first Spectrum Policy Symposium. And thank you, panelists and speakers, for your commitment to advancing our high-tech...