In 2022, a Joint Venture was formed between UC Berkeley and SKS Partners to oversee the development of the Berkeley Space Center. The Joint Venture is unique to the University of California system. It is a private development, where there is a shared governance and profit model between UC Berkeley and SKS.
The governance structure lays out principal responsibilities and a structure for considering major decisions and for breaking any deadlock. The Joint Venture also provides a framework that respects the primary strengths and concerns of each party, where SKS takes principal responsibility for financing, master planning and construction considerations, and UC Berkeley does the same for education, collaboration with NASA and forwarding its broader mission statement.