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NASA to Buy a New Space Station. Price Tag: $34.1 Billion - The Motley Fool

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Photo credit : NASA to Buy a New Space Station. Price Tag: $34.1 Billion

By now, you've heard the news: The International Space Station, which began construction in 1998 and was originally only supposed to last for 15 years, is finally getting ready to retire. Sometime after 2030, Elon Musk's Space Exploration Technologies will launch a dedicated mission to "deorbit" ISS, pushing the station into a fiery death as it burns in Earth's atmosphere before drowning in the ocean's depths -- and NASA will pay SpaceX $850 million for the privilege.

Well, at least four separate teams have floated plans to build a new space station (or space stations), which will be privately owned but leased to NASA (and others) for research missions. Private space companies Axiom Space, Blue Origin-led Orbital Reef, a consortium collectively known as Starlab, and Vast are all part of this effort. It's not 100% clear which of these teams will win, but we should get a clue soon.

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