The International Space Station is nearing its end of life, but before it's retired, it will be joined by a new space station called Orbital Reef.
The announcement comes from Blue Origin, Boeing, Sierra Space, and a few other companies who plan on launching the new space station that will have the facilities to support interests from national governments, the private industry, and tourism. According to Brent Sherwood, the senior vice president of advanced development programs for Blue Origin, Orbital Reef will lower the cost, expand access and provide the services needed to normalize spaceflight.
Sherwood said, "We will expand access, lower the cost, and provide all the services and amenities needed to normalize spaceflight. A vibrant business ecosystem will grow in low Earth orbit, generating new discoveries, new products, new entertainments and global awareness." The announcement states that Orbital Reef will be up and running with operational capabilities by the late 2020s. If you are interested in reading more about this announcement, check out this link here.