TL;DR
The International Space Station will not be replaced by another government station. NASA is now shopping for private ones, in a program reported at up to $34 billion, and plans to pick two or more companies next April. The first private station, Vast's Haven-1, is already built and in testing for an early-2027 launch. That means low Earth orbit is turning into a place where companies own the real estate and NASA rents rooms. The open questions are how fast the first crews can actually move in, whether paying customers show up, and what living in space for long stretches does to the human body.
Below the line, for paid subscribers: The full story: where it stands, how we got here and what's dated next; our Odds board on 5 milestones, starting with "NASA picks two or more companies to build ISS successors by 2027"; and every source.



