This transcript is automatically generated
Welcome back to our special edition of money.
This guy isn't the limit when we're here in Houston with more than 450 companies tied to the space industry including of course.
NASA's Johnson space center at this hub of aerospace and aviation sector directly employs.
Texas workers and -- discuss the industry's impact.
On -- Houston economy are John Albert.
From Boeing space exploration program at -- mayor.
Chairman of citizens first base that's very gentlemen thanks so much for joining us today thank you it has evolved from the Houston -- -- -- I think oil and gas efficient thing that's.
Weeks -- -- city USA that's at first words are spoken from the noon where Houston.
And that's -- great heritage.
How committed is going to Citi.
Real committed we found been working with NASA since 1967.
On the presence here.
Go all the way through Mercury Jim and I Apollo skylab space station.
Space shuttle and now we're working on the programs -- the future commercial through and so less -- working with -- on Iran and yeah so we're committed.
But that -- what does the future look like has been NASA has committed seventeen billion Harry the US is spending seventy billion -- that pails in comparison if you -- today's dollars.
To what they have spent in the past how is the aerospace industry change what does it mean for you.
So the path forward is really exciting space station is still on orbit today.
There are six astronauts up -- doing research I think we tend to forget about that good but now he's -- ongoing research that.
We're developing a new commercial transportation system that will take crews on the US system of the space station.
And then beyond that we're developing -- AM have big rocket bigger than the Apollo rocket that will carry the Ryan capsule.
Deep into space to do -- human space travel back to the -- to an asteroid and eventually on the month.
Wow you know it's it's interesting you know Houston brought us the moon.
And in the future we're gonna bring the United States in the world Mars humans Mars it's an amazing thing how far -- expect.
We're out there in the 2030 timeframe but we're moving forward.
Taking the stepping stones approaches we did in the in the 1960s that decade that we use step by step moving towards -- -- we're gonna do the same thing moving towards Mars.
It just said though it seems like Americans have lost their fascination with space I mean it's it's it's like -- and you know it's not right at the forefront of everyone's -- any -- how do you bring that seems your fact is that -- well in Houston I have to sit back about the rest of the country.
I think it was -- seeing today to watch the excitement around the shuttle that's true.
Likened the the inspiration is I think still there with young people and there were more applicants -- the second largest group of applicants for the next.
-- astronaut class that there's ever been.
So I think.
Students are still inspired by space that the outpouring.
The passing away of Neil Armstrong and Sally -- and we mourn that it.
It just demonstrates I think that there's still has a passion for what would be your -- that set the excitement around this speech on -- we saw the endeavor comes down here on its tort means retirement though and that's the end of an era.
Well you know with respect to -- Ryan and where we're building with NASA -- is building the world's first interplanetary spacecraft for human travel.
It's amazing thing and the workforce on the Ryan over 30% of that workforce are young professionals.
Why did they do that why did they state and that's why they choose airspace they want to put their mark on history their legacy is going to be humans on Mars.
And it's more about private industry right I mean it's -- what this switch that we're really seeing in this business I think it's a combination.
And private industry is getting more involved in that commercial transportation to space station for example and other locations.
And in the vicinity.
But NASA is still engaged in in the trips to Mars that that Joseph was referenced in.
And and working with industry we're combined bars fantastic general.
Thank you so much for coming -- we really really appreciate your.