(a) Except as provided by Subsection (b), an agreement between a space flight entity and a space flight participant limiting or otherwise affecting liability arising out of space flight activity is effective and enforceable and is not unconscionable or against public policy.
(b) An agreement described by this section may not limit liability for an injury:
(1) proximately caused by the space flight entity’s gross negligence evidencing wilful or wanton disregard for the safety of the space flight participant; or
(2) intentionally caused by a space flight entity.