As the space shuttle program nears retirement, private commercial companies are using more of their own capital and help from NASA to develop spacecraft to deliver cargo and humans to space, bringing forth new needs for commercial insurance.
NASA's Commercial Crew Development (CCDev) initiative, now in its second phase, seeks to “accelerate the availability of U.S. commercial crew transportation capabilities and reduce the gap in U.S. human spaceflight capability.” The hope is to spur economic growth as potential new space markets are created.
Once developed, crew transportation capabilities could become available to commercial and government customers.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
