NASA to work with SpaceVest on "Commercialization"
Company Press Release
"SpaceVest Signs Memorandum of Understanding With NASA
Agreement Designed to Advance Space Commercialization"
RESTON, Va.--(BUSINESS WIRE)--Oct. 14, 1997
> ``This agreement reflects NASA's commitment to supporting
> successful space commercialization,'' said John
> Higginbotham, SpaceVest's president and managing general
> partner. ``We look forward to working together with NASA to
> develop mechanisms that can help us increase the
> availability of private capital for space industry
A clear demonstration of NASA's cluelessness on what a
commercial space market is. This is obviously an attempt of
NASA to influence the emerging commercial space marketplace
(i.e., pick the winners) by selectively providing data and
commentary to the venture capital community concerning up-and-
coming space companies. The potential for abuse and
subsequent legal action is big here.
NASA's role in commercial space is clear from it's charter, it is to
provide basic R&D to the aerospace industry period. This activist
role that NASA is trying to play is beyond it's oversteping its charter
and is likely to case damage to a budding industry that doesn't need its
<mreiff1@xxxxxxxxxx> new e-mail address
"I think we are all trying too hard to push space
versus finding the pulls that attract people and their money."
"The heavens reward great deeds, not excuses."