Now you can even name NASA rocket if you pay enough

Washington, Sep 8: National Aeronautics and Space Administration (NASA) administrator Jim Bridenstine has set up an advisory council committee that will explore plans, which include product endorsements from astronauts and even selling the naming rights of rockets and other spacecraft, according to reports.

NASA explores product endorsements and rocket naming rights

"The committee would also consider scrapping ‘obsolete' regulations to let US astronauts support private activities aboard the International Space Station (ISS). Companies should not have to turn to Russian cosmonauts for private operations" said Mike Gold, head of the Committee.

Nasa's looking at new ways to monetise its activities

Mike Gold, head of the Committee said the possibilities could include having NASA receive reimbursement when commercial space companies sell spots on spacecraft heading for the ISS, and leveraging those funds for access or services on future private-sector space stations.

When US presdient Trump complained about NASA expenses

Earlier, US President Donald Trump had complained about NASA expenses even as his administration made the sharpest cuts in government funding of NASA in years.

ISRO opens doors to private sector

India's ISRO is also taking concrete innitiatives towards creating opportunities for private players in space exploration. As per media reports, it will also be handing over development and manufacturing of small rockets, PSLV rockets and satellites to private players by 2020.