KEY POINTS
  • Even as private companies dominate the next phase of space travel, record-setting astronaut Peggy Whitson explained why NASA is still necessary.
  • NASA does "the real deep space exploration that allows commercial providers to have the means for going," she told CNBC.

Nowadays, discussions about the future of space are more likely to reference private companies like SpaceX, Virgin Galactic and Blue Origin than NASA — the federal agency responsible for putting a man on the moon.

On Thursday, the Trump administration released a set of guidelines to reform and update U.S. policy toward private space endeavors. Tellingly, NASA's sole mention came at the end of the document announcing President Donald Trump's directive, where he called for the space agency to "return American astronauts to the moon, followed by human missions to Mars."