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It's based company's profit from the president's news space budget but that's what joining us now with Kim Hughes vice president and chief counsel.
For Space Exploration Technologies Corp.
SpaceX him thanks so much for being in here.
How much money do you expect to get from the president's plan which would use.
Private space companies to transport astronauts into space to the space station.
We'll -- it really clear at this point the president's budget is only just released about a week or so ago and it certainly has moved through the appropriations process.
But they have set aside about six billion dollars war commercial space -- related.
And we're hopeful that SpaceX my company we'll see a portion of that and -- certainly a number of other significant players out there as well all of whom.
Hope to provide NASA with the services that it now.
Could move to purchase commercial.
-- and space travels very cool stuff a lot of this country but at the same time we got ten plus percent unemployment got a lot of family struggling.
Tell the taxpayers wide their money should go to -- -- helpful in private space exploration in this economy.
-- absolutely I think I think one aspect of this that needs to be.
Highlighted is that this is a very responsible plan that -- undertaking what they did is they were.
Looking at a program.
That needs to be needed to be terminated it was deemed to be oh over budget.
And off schedule.
And what they're doing is terminated -- program and instead focusing their money on a number of possible.
Of the commercial sector.
And so this is they.
A cost effective use of taxpayer dollars there's one important aspect of this is well on that is that.
The way that NASA now anticipate spending its money.
Is that on -- pay for performance basis.
Unlike these past agreements that they've had with aerospace providers here you get paid if you perform and you must demonstrate that you can actually perform.
So pound for pound this is about the smartest fiscal.
The fiscally driven -- program at NASA could undertake.
What's the -- -- how much can you get somebody up in the air vs what it would cost NASA war send somebody -- With the Russians.
Well and this is a critical point right now and most Americans probably don't know this.
But the United States once the shuttle retires -- wholly dependent on the Russians for manned space carriage.
And we do that to the tune of 51 million dollars per seat.
Now with private commercial companies like SpaceX.
And my company we'd have already promised to NASA that we can do this at twenty million dollars -- -- It bears noting that that that the Russian cost at 51 million dollars -- seat is only through 2011.
Now after 2011 the sky's the -- and as we've come to realize the Russians have proven to be quite excellent capitalists.
And that's -- -- him thanked them for being here is good to see -- views vice president and chief counsel for SpaceX.
My pleasure thank you.
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