What's Weather Prediction Worth?
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One aspect of the space economy tends to get overlooked: weather. Without space, we'd be in trouble.
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An Asteroid Made of Platinum
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Someday, perhaps 30 years from now, companies will be grabbing asteroids and exploiting them for mineral extraction. Asteroids contain the same valuable minerals, from gold to platinum, from cobalt to indium, that space showered upon Earth billions of years ago. One sizeable asteroid can hold $20 trillion worth of minerals. On a smaller, more practical scale, Peter Diamandis estimates that a single 100-foot asteroid can contain as much as $50 billion of platinum.
Read MoreIs Space Worth It?
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The most common argument against a publicly funded space program is that we can’t afford it, given the government’s many other priorities. The most common answer is that space makes an excellent public investment. But if it is a good investment, why not leave space to private investors?
Read MoreSpace's Valley of Death
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The risks in space are socialized while the rewards are privatized, a famous economist argues. We taxpayers bear the risks, and private companies reap the rewards.
Read MoreOur Next Economy
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To regain our competitive leadership, we need to build our economy on something new, using a quality and degree of expertise no other nation has obtained. What could that new economic engine be? And are we capable of creating it?
We have a brilliant precedent: the flying machine.
Read MoreSteep Trajectory of Rising Achievement
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Seeing the overall mission as one of conquering and then escaping the Gravity Well lets us focus also on the need to settle as well as explore. It is this connection that makes this investment so practically valuable for everyday citizens.
Read MoreSpace Fact #27: $1 in Space Brings $8
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For every dollar spent on space, the knowledge ore brings back as much as $8. And that’s not counting the 65,000 jobs created by the space program.
Read MoreSpace Fact #26: The Space Economy Is Booming
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The space industry generates more than $300 billion in revenue, an amount that continues to grow 5% to 15% a year.
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