H.R. 6638: To require a report on merits and options for establishing an institute relating to space resources, and for other purposes.

This bill requires the National Aeronautics and Space Administration (NASA) and the Secretary of Commerce to work together to create a report regarding the potential establishment of an institute focused on space resources. The report must be submitted to specific committees in the House of Representatives and the Senate within 180 days after the bill is enacted.

Objectives of the Institute

The report is expected to explore various goals related to space resources, which include:

• Identifying, developing, and making available space resources, while promoting foundational science and technology.
• Reducing risks—both technological and business-related—associated with the identification and distribution of space resources.
• Conducting research to enhance the responsible use of these resources.
• Developing options for utilizing space resources to:
• Support existing and future space programs and missions.
• Enable new programs and missions that would not be feasible without these resources.
• Supplement the availability of such resources on Earth.

Additional Assessments Required

The report must also include evaluations of:

• Whether it would be more cost-effective to establish a virtual versus a physical institute relating to space resources.
• The effectiveness of collaborating with higher education institutions and industries (such as aerospace and extractive sectors) in achieving the objectives outlined above.

Definitions

The bill includes specific definitions for clarity:

• Extractive Industry: Refers to companies and individuals involved in obtaining natural materials or energy sources through methods like mining, quarrying, drilling, or dredging.
• Institute of Higher Education: Defined according to the Higher Education Act of 1965.
• Space Resource: Defined as any abiotic (non-living) resource found in outer space, encompassing raw materials or energy sources.

Timeline and Procedure

The bill outlines a timeline for the completion of the report, mandating it be submitted within six months from the date the bill becomes law. This sets a clear expectation for the stakeholders involved and ensures accountability in the legislative process.

Relevant Companies

• BA (Boeing): As a major aerospace company, Boeing could be impacted by developments in space resource utilization and technology advancements related to space missions.
• SPCE (Virgin Galactic): This company focuses on space tourism and could benefit from advancements in space resource management and technologies.
• HII (Huntington Ingalls Industries): This defense contractor may have interests in technologies and systems arising from a focus on space resources.
• ASTR (Astranis): A satellite company that could be involved in the new opportunities presented by space resource development.