In a recent Baker Institute blog, George Abbey, Baker Botts Senior Fellow in Space Policy, discusses the historic flight of the SpaceX Dragon -- the first privately built spacecraft to rendezvous with the International Space Station. Abbey notes the successful mission will spur greater competition between private companies interested in space aviation.

"Its significance may be that, like their predecessors in the 1920s and 1930s, young, bright entrepreneurs are forming companies to take on the challenges of aviation -- although today, their sights are set on spaceflight," he says.

Read the June 7, 2012, blog "A new generation of space entrepreneurs."