It doesnt sound economical for the company. But the way we view it, is that we want to reduce consumption. Woodruff all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by and by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions and individuals. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill this was wall streets worst day in a year and a half, as the Dow Jones Industrials plunged nearly 360 points. The selloff was driven by growing turmoil on chinas markets, and Falling Energy prices. It accelerated late in the day, as programmed sellin
I believe that its on the frontier that we advance our technology. Its on the front tier that we advance as a species. Billion airs and start ups alike see it as a future. We believe a hunk of the moon you could hold in your hands could be worth billions of dollars. There is another place for us as people to be able to thrive and develop and grow. And to make billions even trillions in the process. There will be losses of money, Business Plans will fail. Its a highstakes investment with no guarantees. And when the absolute worsecase scenario becomes reality. Tell us how you felt when you heard yesterday . Gutted. This is the business of space. 2014 has been a tough year for americas commercial space industry. In october, a private craft delivering cargo to the International Space station exploded at launch. That same week a west flight of Virgin Galactic went terribly wrong. But commercial space explore race has grown into a 314 billion industry. And that could double by 2030. No matte
All of the money and competition. The concept of competing for something for which no market exists. How does this work . Well, at this point were talking about competition as a normalizing, stabilizing force. Both companies will tell you they are grateful to the other for existing. But also throughout the history of the privatization of space, competition is what allows efficiency to happen. And it enforces a certain kind of safety. When we think its just a front tier of public space exploratio explorations, your standards are different. So competition at this point is is more of a normalizing influence than a true race to bring things back. Lets talk about the safety and dangers and the idea of lack of regulation. Sure. These Companies Competing for instance for the google prize, are so far ahead of any regulator regulators, do we have to think about exploitation or those sorts of things . Absolutely. If you take the moon as an example, that is governed under sort of an international
Frontier that we advance our technology. Its on the front tier that we advance as a species. Billion airs and start ups alike see it as a future. We believe a hunk of the moon you could hold in your hands dollars. There is another place for us as people to be able to thrive and develop and grow. And to make billions even trillions in the process. There will be losses of money, Business Plans will fail. Its a highstakes investment with no guarantees. And when the absolute worsecase scenario becomes reality. Tell us how you felt when you heard yesterday . Gutted. Space. 2014 has been a tough year for americas commercial space industry. In october, a private craft delivering cargo to the International Space station exploded at launch. That same week a west flight of Virgin Galactic went terribly wrong. But commercial space explore race has grown into a 314 billion industry. And that could double by 2030. No matter the risks, there is no shortage of seed money rushing in to fund this new p
Frontier that we advance our technology. Its on the front tier that we advance as a species. Billion airs and start ups alike see it as a future. We believe a hunk of the moon you could hold in your hands dollars. There is another place for us as people to be able to thrive and develop and grow. And to make billions even trillions in the process. There will be losses of money, Business Plans will fail. Its a highstakes investment with no guarantees. And when the absolute worsecase scenario becomes reality. Tell us how you felt when you heard yesterday . Gutted. Space. 2014 has been a tough year for americas commercial space industry. In october, a private craft delivering cargo to the International Space station exploded at launch. That same week a west flight of Virgin Galactic went terribly wrong. But commercial space explore race has grown into a 314 billion industry. And that could double by 2030. No matter the risks, there is no shortage of seed money rushing in to fund this new p