When I imagine the future of space commerce, the first image that comes to mind is a farmer’s market on the International Space Station. This doesn’t exist yet, but space commerce is a growing industry. The Space Foundation, a nonprofit organization for education and advocacy of space, estimates that the global space economy rose to US$613 billion in 2024, up nearly 8% from 2023, and 250 times larger than all business at farmer’s markets in the United States. This number includes launch vehicles, satellite hardware, and services provided by these space-based assets, such as satellite phone or internet connection.
Companies involved in spaceflight have been around since the start of the Space Age. By the 1980s, corporate space activity was gaining traction. President Ronald Reagan saw the need for a federal agency to oversee and guide this industry and created the Office of Space Commerce, or OSC.
The Office of Space Commerce is under the National Oceanic and Atmospheric Administration.
Office of Space Commerce − National Oceanic and Atmospheric Administration
So, what exactly does this office do and why is it important?
As a space scientist, I am interested in how the U.S. regulates commercial activities in space. In addition, I teach a course on space policy. In class, we talk about the OSC and its role in the wider regulatory landscape affecting commercial use of outer space.
The OSC’s focus areas
The Office of Space Commerce, an office of about 50 people, exists within the Department of Commerce’s National Oceanic and Atmospheric Administration. To paraphrase its mission statement, its chief purpose is to enable a robust U.S. commercial interest in outer space.
OSC has three main focus areas. First, it is the office responsible for licensing and monitoring how private U.S. companies collect and distribute orbit-based images of Earth. There are many companies launching satellites with special cameras to look back down at the Earth these days. Companies offer a variety of data products and services from such imagery – for instance, to improve agricultural land use.
A second primary job of OSC is space advocacy. OSC works with the other U.S. government agencies that also have jurisdiction over commercial use of outer space to make the regulatory environment easier. This includes working with the Federal Aviation Administration on launch licensing, the Federal Communications Commission on radio wavelength usage and the Environmental Protection Agency on rules about the hazardous chemicals in rocket fuel.
This job also includes coordinating with other countries that allow companies to launch satellites, collect data in orbit and offer space-based services.
In 2024, for example, the OSC helped revise the U.S. Export Administration Regulations, one of the main documents restricting the shipping of advanced technologies out of the country. This change removed some limitations,…
