Space Patrol was on ABC from 1951 to 1955, and was one of the first Saturday shows to make a bundle from merchandise sales. I don't remember having any, but these binoculars look neat.
Space Patrol was sponsored by Nestles and the Ralston Purina cereals, Wheat and Rice Chex.
The actors sometimes did the commercials, and did them live. They came right from the action of the previous scene. This is probably why when we "played" Space Patrol and other TV adventures, we too would cap the action with a brief improvised testimonial for Nestle's Crunch.