Blue Origin, Boeing plan 'business park' in space

Billionaire Jeff Bezos-owned Blue Origin and Boeing unveiled plans on Monday (October 26) to develop a "business park"... in space.

They hope to launch the commercial space station, which is set to be called "Orbital Reef", in the second half of this decade.

The venture will be built in partnership with Sierra Space, the spaceflight wing of defense contractor Sierra Nevada Corp, and will be backed by Redwire Space, Genesis Engineering Solutions and Arizona State University.

Orbital Reef will be operated as a "mixed use business park", and plans to provide the infrastructure needed to open new markets in space, Blue Origin and Sierra Space said.