Topic: Economic Impact Of Commercial Space Exploration - page 2. (Read 671 times)

I watched a video recently which stated that spaceX could generate revenue by launching cargo based rockets to space. So basically, they'll be ferrying equipments to space for agencies. This is a means that can be exploited. According to Wikipedia;
Wasn't suggesting it does. Just asking, if you're rich enough, would you go on a trip to space?

Well, it is a natural occurrence imo with he lack of experimental trials they've done in terms of efficiency. It's like how they only measure the end, but not the means to the end, at least, not yet. A goal has been achieved suitably, showing it is possible right now for space exploration so I hope that they'd make the correct decision of not rushing it. The problem of space junk caused by launches should be the first one to be addressed by the ones responsible.

Still though, it is an exploration to the unknown so I hope they'd tone down the expenses as much as possible since it may result in just an empty achievement. Not to mention that it'd take decades, if not centuries, to even make space exploration commercial. It isn't even guaranteed that people would even go to space as well, so making claims of it as an opportunity this early on may prove to be false. After all, it's like how exotic deserts made by 3d machines are only accessible by the rich people, and when compared to the common populace, the difference is just way too huge.

Such huge partnership between a private entity and a government or a federal agency for this matter is always appreciated.

The space that we have outside of this planet is so vast it cannot be measured. And it won't be sustainable if the only party that will be focusing on it is the government. It would be a welcome development if private individuals or corporations are interested in its exploration. Space exploration is relatively costly and might give out a little or even no immediate and middle-term ROI in return.

But, most importantly, the government spending billions in space explorations might be questionable in the eyes of many amidst the economic hardships experienced by ordinary individuals and families. It may be a luxury frowned upon by a lot of people. So a private player coming in with billions to spend will be a huge help.  

Leaps to what?

What is the end game? A space tourism industry for a small number of insanely rich people?

Musk claims they will someday make billions of dollars annually based on satellite internet subscriptions. Does anybody actually believe that? Satellite as a consumer technology is basically dead except in rural places with small populations. Maybe they can secure government contracts? For what I'm not sure exactly.

I've never understood the excitement around SpaceX. I still don't get it.

Humanity was launching humans into space for many-many decades already, and the progress isn't really that great - things like Moon or Mars colonization, asteroid mining are still a science fiction. Private space launches is a great milestone, but there's still a really long road ahead, so you won't be seeing any noticeable economic impact of it for a long time. 


SpaceX clearly has nothing to do with Bitcoin. No point even starting a speculation here.

It more of passion/dream for musk. He is a business -a billionaire- but he has be vigorous in the desire to launch this project of his, this won't be a line that will rolling profit soon but pioneering it will count to his advantage when there is a boom.
  
 To drift to the topic of satellite, satellites can just be mounted on space by private -individual, company- there should be protocol to it.
But what freaks me out is what if there is a causality, with new development a chance of new disaster comes up,

I'm just a bit questionable about the timing though I know it was planned few years ago but did they not consider the fact that the world is having a problem due to the pandemic? I have nothing against with this coz I know they are private company but the thing is, it costs so much to get a single shuttle to reach space, I think it would cost them around $100 million in a single space launch which might be a huge help for a country that is suffering from the pandemic. Besides, I don't think there will be an employment opening in there coz they're basically full, they don't sign up any one just because you're good at science.

It's nice to see how humans already capable of such things. However, I still think the project is not promising from an economic point of view. I mean, if it's about tourism, even if we ignore the price, I don't think people will like the experience since they cannot wear flip-flops and drink coconut there. They are more likely to get more stress than relief.

If it's about exploring and then gathering valuable metals, there are many unexplored places on earth. It will still be more feasible to dig here if you calculate the costs.

Space junk is real thing and it’s truly big problem. More than 120 million small pieces are floating around the earth today and according to National Geographic article it’s going to be worst in the future.

We need to come up with solution where the launch of rocket returns as whole without sending pre-launch ignition rockets into the space. What Elon Musk is doing is absolutely great and hands off to his excellency in space project but it’s gonna do it worse if every private tour brings space junk and suffocate the earth.

We are small buddies, I hope they are thinking about solution as well.

Reference: Space Junk

I don't think this means much at all... He'd have been able to launch a rocket fromm somewhere even if it wasn't from the US and a shift from government entities to private companies just means corners will now be cut due to financial inefficiencies rather than laziness... I'm guessing this'll add a lot more space junk everywhere especially if more competitors rise up. (oh and no worries because we can just form collisions with space junk and allow it to polite the atmosphere because that won't cause problems)...

We're far from anything more happening although it can go down in history that the US government and nasa just gave up on a project when they saw Russia could do it cheaper...

We may soon have hourly blocktimes with bitcoin too if we end up using it here and Mars since the singla will take 20 minutes at light speed and I don't think teleportation over that distance has yet been accomplished)...

I think people underestimate the significance of that launch.

Before that things in space only happened with a nod from the administrators of a handful of space agencies. Now if you can convince investors of your idea the potential is there to actually make it happen. There's no politics, there's no set budget constraint, there's no people scrabbling for the same piece of pie.

This'll be the catalyst to make proper leaps that wouldn't otherwise have happened.

No idea where it'll end up but it'll be vastly further than had it remained entirely in the hands of state agencies.

On Saturday, Space Exploration Technologies, also known as SpaceX successfully launched a manned-rocket into space in collaboration with NASA.
It's the first Space launch from the U.S. soil in about nine years and could be a pivotal landmark in commercial space exploration.
The successful launch comes after years of testing and retesting which began in 2015. The company established by Elon Musk in 2002, has undergone series of safety protocols, successfully launching an un-manned rocket some years back. And it is the first private company in history to launch astronauts into space. This is something that was thought to be impossible and can have huge economic implications.


SpaceX also successfully landed the booster of the rocket which usually crashes into the ocean. This can now be reused in future liftoffs significantly cutting down cost.

Some of the economic implications of space exploitation includes;
Employment opportunities: space exploration by private companies would open lots of employment opportunities directly and indirectly, by employing more people and increasing demand for machine parts.

Space tourism: Just as people take vacations in relics and islands, commercial space travel would make it possible for one to pay for a tour in space. It would be more expensive than a trip to an island but more affordable than boarding a public rocket and would open new revenue means

Technological advancement: more private companies launching to space would lead to more satellites being set in orbit, this would have lots of impact on the way data and information are shared and how it can be utilized.

Beyond space: this successful launch could also lead to further advancements being made and we could venture beyond space, establishing livable habitats on planets like Mars. This however is still a futuristic agenda.

What impacts do you predict this would have and should Bitcoin go to the moon, would you be boarding a rocket to space?