We present a case for funding space development projects -- commercially viable, and riskier projects -- with a financially engineered, risk managed “megafund”. This work is partially inspired by the work of others who have explored the potential benefits of a megafund in achieving the development goals of capital intensive, very high risk, very high [...]
The development and expansion of commercial human spaceflight requires legal and regulatory mechanisms to provide a robust framework under which commercial operators can fly paying participants. Currently, only the United States has specific national legislation to govern this new activity with the mandate to promote the industry. Spain, to the contrary, has neither a national [...]