NASA Awards $1.1 Billion for Commercial Space Development

August 3, 2012 at 4:51 pm PT

Boeing Co. and closely held Space Exploration Technologies Corp. have won government commitments totaling $900 million, the biggest federal financial award yet to assemble and test commercially owned and operated manned space capsules.

The National Aeronautics and Space Administration on Friday awarded $460 million to Chicago-based Boeing and $440 million to Space Exploration Technologies, or SpaceX, based in Hawthorne, Calif. The two companies are working to produce affordable commercial space vehicles without the typical NASA oversight and management supervision.

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Tagged with: Boeing, NASA, Space Exploration Technologies, space vehicles, SpaceX

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