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TeachMeFinance.com - explain space capability space capability 'space capability' is an military term meaning '(DOD) 2. The ability of a terrestrial-based asset to accomplish a mission in space (e.g., a ground-based or airborne laser capable of negating a satellite). See also space; space asset'. Previous 5 Terms: space_ space asset _ space assignment- space available mail - space capability Next 5 Terms: space control_ space coordinating authority _ space environment- space force application - space force enhancement Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.