The Dream Chaser is ushering in a new era in commercial space travel. The craft was designed by Colorado-based Sierra Space, a wing of Sierra Nevada Corp., which has contracted with NASA to deliver cargo to the International Space Station.

The company also signed a deal with Blue Origin to build a private space station for commercial use. Called Orbital Reef, the station will be a hub for commercial industries, such as manufacturing entertainment, sports, gambling and adventure travel. Here are the details from Reuters Innovation.