Attended a hearing on Capitol Hill today chaired by Senate space subcommittee Chairman Sam Brownback and House space subcommittee Chairman Dana Rohrabacher on Commercial Space Transportation.

One piece of news is that veteran space tourist Dennis Tito is interested in investing in a commercial space transportation venture. (Mr. Tito did not provide specifics on the project.)

Over all, the message of the panelists is that a clear and limited regulatory environment needs to be established to encourage investment in commercial space transportation.