The ISS is nearing the end of its design life.
With this new development, it seems Russia's plans to abandon ISS, forcing NASA to find a way to keep the station running without Russia, are up in the air (so to speak). But even if Russia does stick around, when you consider that the ISS project began in 1998 with an expected service life of 15 years, the station's days are clearly numbered. Whether the actual end date is 2023, 2030, or somewhere in between, eventually ISS is going to go away.
So what are we going to do when that happens?
Apparently, we're going to build new space stations -- commercial space stations, built by companies you can invest in.
We know this because earlier this month, NASA picked three companies out of a field of 11 bidders and awarded them "Commercial Low Earth Orbit Development" contracts totaling $415.6 million in value. The lucky winners were:
Aerospace and defense giant Northrop Grumman (NYSE: NOC), which won $125.6 million to develop a space station assembled from Northrop Cygnus cargo transport spacecraft.
Privately held Nanoracks, a subsidiary of Voyager Space Holdings, which was awarded $160 million to design a research-focused "Starlab" in cooperation with Lockheed Martin (NYSE: LMT).
And Amazon founder Jeff Bezos' Blue Origin space tourism company, which got $130 million to help it get its planned "Orbital Reef" space station concept off the ground.
Mind you, none of these space station concepts are quite ready for prime time. Both Nanoracks and Blue Origin are looking to begin launching modules only in the second half of this decade -- but before 2030 -- while Northrop hasn't made a date for its space station public yet. But if these plans pan out, investors could soon have at least two publicly traded space station operators, Northrop Grumman and Lockheed Martin -- and potentially three, should Blue Origin decide to IPO -- to choose from.