Also in this playlist...
This transcript is automatically generated
39 years ago nearly a half a billion people look to the heavens virtually magical once in a lifetime moment.
Now -- -- all.
-- -- -- Now nearly four decades later space exploration is chartering new territory -- private companies.
It's a 139.
Billion dollar industry that accounts for hundreds of thousands of jobs with more on this privatized space race we're joined by Diane Murphy.
She senior vice president of Space Exploration Technologies that space -- and Michael -- for any space and technology writer and author of rocket -- welcome I want to start you diet.
How far have we come since that day when man first walked on the moon.
While the mission of NASA has always been to push the boundaries of aeronautics and exploration.
And I think the achievements that NASA has made it a tremendous of the last fifty years.
This is very different from the private sector.
Where -- the goal is to create a viable business and so I think in the next ten to twenty years you see great achievements in this area and also a lot of money to be made.
Michael in your opinion who has the edge Nassau or private space companies offense and how you evaluated -- has a lot of money and -- has obviously been a private investors have a tremendous sense of purpose which hasn't.
Held true at -- for a long time.
-- your company is developing or launch vehicles spacecraft and services to reduce the cost of manned and unmanned space transportation.
How well -- all that developing and how would reduce the overall.
-- -- it's coming along very well on the differences that you're going to see a paradigm shift and the way that space businesses conducted.
Our company for example is going to be providing services to NASA -- to the private sector.
And our goal is to.
-- reduce the cost by a factor of ten and to increase the reliability.
So this will very much change the situation as it is today and open up a viable market.
Michael -- size space sets then some of the other companies private companies that are getting into this business as a whole range of companies in all different areas to SpaceX is operating in orbit and there's a company in Las Vegas Bigelow aerospace that's building and destination and orbit.
And then there -- a bunch of companies operating in suborbital space of virgin galactic is is one of the big players then X core aerospace and other people on that field.
And just how lucrative is this going to be because I've seen Richard Branson's involved in some other pretty Smart big heavyweight people no threat as you -- -- Hamas of course around SpaceX.
And and it is -- marked.
Is there has been proven their people have signed up the first hundred passengers -- signed up to ride on virgin galactic at 200000 dollars each people are already paying.
35 million dollars to go into orbit.
You know you talked about the difference between private and that's all are you concerned that what the government getting out of this there's going to be a big.
Vacuum there with the money because I gotta tell -- it.
Although that so wasn't for private for for profit there's no doubt about it the incubator of a lot of talent and we probably will -- won't -- what we are now if it wasn't for all that government money do we still need the government to be involved.
While the government needs to be at a supply of the government needs to be a client a customer.
And with the the development of private space you will see other businesses taking flight for example or pharmaceutical.
The pharmaceutical and history.
The the sensors that can be used for crime monitoring climate change.
There are tremendous markets out there and the problem with -- then there's been too little love it and it's cost too much so what you say the cost of lots come down.
You will see those industries take flight.
Thanks Diane and also thank you for.
Filter by section