In 2005, there were 18 total commercial launches and 37 non-commercial launches. Russia flew 44% of commercial orbital launches, while Europe had 28% and the United States had 6%. China's first private launch, a suborbital flight by
OneSpace, took place in May 2018.
Funding In recent years, the
funding to support private spaceflight has begun to be raised from a larger pool of sources than the comparatively limited pool of the 1990s. For example, and in the United States alone, ten
billionaires had made "serious investments in private spaceflight activities" As of the early 2020s some of these investments have paid off, with Musk's SpaceX coming to dominate the launch market in mass to orbit and with a $100 billion valuation. Other companies such as
Bigelow Aerospace though have collapsed and left the market. Some aerospace startups, such as
Rocket Lab, have gone public via
special-purpose acquisition company, but their SPAC values have been affected by market volatility.
Venture capital investment Some investors see the traditional spaceflight industry as ripe for
disruption, with "a 100-fold improvement a thousand-fold improvement ". most of it in the United States. This
liberalized private space sector investments beginning in the 1980s, , the largest and most active investors in space were
Lux Capital,
Bessemer Venture Partners,
Khosla Ventures,
Founders Fund,
RRE Ventures and
Draper Fisher Jurvetson. CBInsights in August 2016 published that funding to space startups was "in a slump", although the number of space investment deals per quarter had gone from 2 or 3 in 2012 to 14 by 2015. In 2017, CB Insights ranked the most active space tech investors, ranked from highest to lowest, were Space Angels Networks, Founders Fund, RRE Ventures, Data Collective, Bessemer, Lux Capital,
Alphabet,
Tencent Holdings, and
Rothenberg Ventures. In June 2019, Miriam Kramer of
Axios wrote that private spaceflight companies and investors were poised to capitalize on NASA's plan to open up the International Space Station to commercial space ventures.
Commercial launchers The space transport business has, historically, had its primary customers in national governments and large commercial segments. Launches of government
payloads, including military, civilian and scientific satellites, was the largest market segment in 2007 at nearly $100 billion a year. This segment was dominated by domestic favorites such as the
United Launch Alliance for U.S. government payloads and
Arianespace for European satellites until the 2020s when NewSpace launch providers like SpaceX and Blue Origin were able to compete for these contracts.
US government commercial cargo services berthing with the ISS during its
final demonstration mission, on 25 May 2012The
US government determined to begin a process to purchase
orbital launch services for cargo deliveries to the
International Space Station (ISS) beginning in the mid-2000s, rather than operate the launch and delivery services as they had with the
Space Shuttle, which was to retire in less than half a decade, and ultimately did retire in 2011. On 18 January 2006, NASA announced an opportunity for US commercial providers to demonstrate orbital transportation services. As of 2008, NASA planned to spend $500 million through 2010 to finance development of
private sector capability to transport payloads to the
International Space Station (ISS). This was considered more challenging than then-available commercial space transportation because it would require precision
orbit insertion,
rendezvous and possibly docking with another spacecraft. The commercial vendors competed in specific service areas. In August 2006, NASA announced that two relatively young aerospace companies,
SpaceX and
Rocketplane Kistler, had been awarded $278 million and $207 million, respectively, under the COTS program. In 2008, NASA anticipated that commercial
cargo delivery services to and return services from the ISS would be necessary through at least 2015. The NASA Administrator suggested that space transportation services procurement may be expanded to orbital
fuel depots and
lunar surface deliveries should the first phase of COTS prove successful. After it transpired that Rocketplane Kistler was failing to meet its contractual deadlines, NASA terminated its contract with the company in August 2008, after only $32 million had been spent. Several months later, in December 2008, NASA awarded the remaining $170 million in that contract to
Orbital Sciences Corporation to develop resupply services to the ISS.
Emerging personal spaceflight Before 2004, the year it was legalized in the US, no privately operated crewed spaceflight had ever occurred. The only private individuals to journey to space went as
space tourists in the
Space Shuttle or on Russian
Soyuz flights to
Mir or the
International Space Station. All private individuals who flew to space before
Dennis Tito's self-financed International Space Station visit in 2001 had been sponsored by their home governments or by private corporations. Those trips include US Congressman
Bill Nelson's January 1986 flight on the
Space Shuttle Columbia and Japanese television reporter
Toyohiro Akiyama's 1990 flight to the
Mir Space Station. The
Ansari X PRIZE was intended to stimulate private investment in the development of spaceflight technologies. 21 June 2004, test flight of
SpaceShipOne, a contender for the X PRIZE, was the first
human spaceflight in a privately developed and operated vehicle. On 27 September 2004, following the success of SpaceShipOne,
Richard Branson, owner of
Virgin and
Burt Rutan, SpaceShipOne's designer, announced that
Virgin Galactic had licensed the craft's technology, and were planning commercial space flights in 2.5 to 3 years. A fleet of five craft (
SpaceShipTwo, launched from the
WhiteKnightTwo carrier airplane) were to be constructed, and flights would be offered at around $200,000 each, although Branson said he planned to use this money to make flights more affordable in the long term. A test flight of SpaceShipTwo in October 2014 resulted in a crash during one of the two pilots died. In December 2004, United States President
George W. Bush signed into law the Commercial Space Launch Amendments Act. The Act resolved the regulatory ambiguity surrounding private spaceflights and is designed to promote the development of the emerging U.S. commercial human space flight industry. On 12 July 2006,
Bigelow Aerospace launched the
Genesis I, a subscale pathfinder of an orbital space station module.
Genesis II was launched on 28 June 2007, and there are plans for additional prototypes to be launched in preparation for the production model
BA 330 spacecraft. In November 2009,
Zero 2 Infinity, a Spanish aerospace company announced plans for a balloon-based nears space tourism vehicle called Bloon. Then in 2015 it started developing a
high-altitude balloon-based
launch vehicle named
bloostar to launch small satellites to orbit for customers, as well as platform for near-space tourism.
World View, a stratospheric balloon exploration company based in Tucson, Ariz., is similarly leveraging its
stratospheric balloon technology to launch its
remote sensing services for government and commercial customers, as well as developing its own space tourism offering that would lift passengers up to 100,000 feet for a 6-8 journey. Similar projects of stratospheric balloon tourism are being developed by multiple other companies around the world (Zephalto, Space Perspective,...), though none has yet made a high altitude crewed flight (as of Aug. 2022). On July 11, 2021,
Richard Branson and
Virgin Galactic made their first successful flight to space. On July 20, 2021,
Jeff Bezos and
Blue Origin also made a successful flight to space. On September 16, 2021,
Crew Dragon Resilience Inspiration4 mission operated by
SpaceX became the first
orbital spaceflight with only private citizens aboard. In September 2024, the SpaceX mission
Polaris Dawn included the first private spacewalk.
Fram2 was a private human spaceflight mission operated by
SpaceX with a
Crew Dragon spacecraft on behalf of entrepreneur
Chun Wang. During the mission, Wang and his all-civilian crew —
Jannicke Mikkelsen,
Rabea Rogge and
Eric Philips — were launched into a
polar orbit, a first for a human spaceflight mission.
Private foundations The
B612 Foundation was designing and building an
asteroid-finding space telescope named
Sentinel. It would have launched in 2016.
The Planetary Society, a nonprofit space research and advocacy organization, has sponsored a series of small satellites to test the feasibility of
solar sailing. Their first such project,
Cosmos 1, was launched in 2005 but failed to reach space, and was succeeded by the
Lightsail series, the first of which launched on 20 May 2015. A second spacecraft is expected to launch in 2016 on a more complex mission.
Copenhagen Suborbitals is a crowd funded amateur crewed space programme. it has flown four home-built rockets and two mock-up space capsules. == Plans ==