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A Galaxy (Not) FAR Away? NASA Awards New Contracts in Space Privatization Program

Client Alert | less than 1 min read | 08.17.12

On August 3, NASA announced the award of three new Space Act Agreements to provide funding for the public-private development of spacecraft to launch crew and cargo into low-earth orbit, pursuant to NASA's Commercial Crew Integrated Capability (CCiCap) initiative. The agreements, which are not subject to FAR, are intended to develop "reliable and cost-effective access to and from the International Space Station and low Earth orbit" and ultimately allow NASA, and other government and commercial customers, to purchase spaceflight services from a private space industry.

Insights

Client Alert | 3 min read | 07.13.26

Amici Rally Behind Liberty Global, Urging Tenth Circuit to Rein in Economic Substance Doctrine

Following the 10th Circuit's April 21, 2026, decision affirming the disallowance of Liberty Global’s $2.4 billion deduction under the codified economic substance doctrine, I.R.C. § 7701(o), Liberty Global filed a petition for panel rehearing or rehearing en banc on June 5, 2026. That petition has since drawn significant amicus support from various industry groups representing large taxpayers, as discussed below....