COLORADO SPRINGS — The Commerce Department wants to improve the standing of the American space industry in an increasingly competitive global market through a combination of regulatory reform and promotional efforts.
Commerce Secretary Wilbur Ross, giving a keynote address at the 35th Space Symposium here April 9, said the underlying goal of his department’s growing portfolio of space activities is to keep American industry at the forefront of a market that could be worth more than a trillion dollars in two decades.
“At the Commerce Department, our goal is to ensure that the United States captures the lion’s share of burgeoning space markets,” he said. “We are bullish on making and keeping America the flag of choice for innovative space companies.”
At the National Space Council meeting in Huntsville, Alabama, March 26, Ross announced that the Commerce Department would join forces with the State Department for a two-day event called the Space Enterprise Summit in Washington to address space industry competitiveness. That event, he said in his latest speech, will examine some of the domestic and international regulatory issues vital to the growth of the industry.
Ross also announced that the U.S. government pavilion at the Paris Air Show in ...