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 Commerce Secretary Wilbur Ross at the Virtual Meeting of the 27th Advisory Committee on Commercial Remote Sensing

Thank you to all the members of ACCRES for volunteering your valuable time to this public service. Your expertise and guidance at this important juncture in the commercial space industry will drive future prosperity and wellbeing of all Americans. It sounds like the discussions you have had during the first two days have been extremely productive. Thank you, also, to the commitment of the esteemed...

Remarks by Commerce Secretary Wilbur Ross at the Seventh Meeting of the National Space Council

Thank you, Vice President Pence, for the opportunity to update the National Space Council on the work being done at the Department of Commerce to implement Space Policy Directives Two and Three. I am pleased to report that after innumerable discussions with industry and government agencies, a new remote sensing rule has been finalized and has been published this morning on the Federal Register...

Commerce Department Releases New Regulations to Support U.S. Leadership in Commercial Satellite Remote Sensing Industry

Press releases
Today, the U.S. Department of Commerce released new regulations to improve the licensing process for private U.S. satellite remote sensing operations, helping ensure continued U.S. leadership in a critical commercial space industry. The new final rules increase openness and transparency in the licensing process, will eliminate most restrictions on how licensed remote sensing systems may be...

Opening Statement by Secretary Wilbur L. Ross in Support of the Department of Commerce’s Fiscal Year 2021 Budget Request

Chairman Moran, Ranking Member Shaheen, and members of the Senate Appropriations Subcommittee, thank you for this opportunity to discuss President Trump’s Fiscal Year 2021 Budget Request for the U.S. Department of Commerce. It is a privilege to appear before you today. We are committed to working with you to grow the U.S. economy, defend our industries from unfair foreign competition, and protect...

Remarks by Secretary of Commerce Wilbur Ross at A New Space Race: Getting to the Trillion-Dollar Space Economy World Economic Forum, Davos, Switzerland

Good afternoon, welcome, and thank you all for being here to discuss the future of space and its immense economic potential. You may not know that artificial limbs, Velcro, solar cells, and water filtration were created in the first age of space exploration. Now, we have an opportunity to continue and even accelerate those benefits. The global economy is increasingly tied to services provided from...

Measuring the Value of the U.S. Space Economy

The Space Economy Satellite Account (SESA) is a new, collaborative effort to measure the relative importance of the space sector on the U.S. economy, with a special emphasis on the growing commercial space segment. This new account is part of the economic satellite accounts produced by the Bureau of Economic Analysis (BEA). A satellite account refers to statistics that complement BEA's official U...

Secretary of Commerce Wilbur Ross Signs Declaration of Intent with French Space Agency

Press releases
Today, on the sidelines of the International Astronautical Congress, U.S. Secretary of Commerce Wilbur Ross signed a Declaration of Intent with Centre National d'Etudes Spatiales (CNES) President Jean-Yves Le Gall. The Declaration charts a path forward for expanded cooperation between the Department and the French space agency on space situational awareness (SSA), space traffic management (STM)...

Remarks by Commerce Secretary Wilbur L. Ross at the Space Startup Summit

Good morning, and welcome everyone to this exciting event. Given the amount of interest in this subject — and an unexpected onrush of registrations — we had to change the location to handle all the additional attendees. We are delighted that you are all here during one of the busiest weeks of the year for space industry conferences. Right now is probably the best time yet for space startups. In...

Remarks By Secretary Wilbur Ross at the Australia Space Agency Meeting in Canberra, Australia

Thank you for hosting us today at this beautiful observatory to discuss how our two nations are cooperating in space, the final frontier. It was my pleasure to be with Prime Minister Morrison last month in Washington during his State visit to the United States. I was extremely pleased to sign a Joint Statement of Intent with the Prime Minister at NASA headquarters to accelerate our return to the...

Remarks By Secretary Wilbur Ross at the AMCHAM Business Lunch in Sydney, Australia

Thank you, April, for that kind introduction, and thank you for your efforts to strengthen and expand the U.S.- Australian commercial partnership. It is my pleasure to be here. After having been in London, New Delhi, and Singapore over the past week, I’m feeling a bit like Mad Max! But we know that Mad Max always prevails; and the original is still the most profitable film of all time. I just...