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tv   Boom Bust  RT  March 19, 2021 6:30am-7:01am EDT

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i. this is boom bust the one business show you can support amidst unbridgeable in washington coming up we have a special show today on the recent advancements in space exploration in an industry that was almost exclusive to governments the private sector has picked up in recent years we'll go over who the big players are and what they hope to accomplish and later the list of nations with their eyes set on the stars continues to grow we'll talk about what the future holds with a packed show today so let's dive right in. and like nearly every industry the space sector was hit hard by the cold but 19 pandemic with missions years in the
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making having to be delayed but with that being said the 2nd half of 2020 and the start of 2021 have been a pretty compelling time for the space industry both from private companies and governments are to correspondent side tempter joins us now to discuss these recent exciting accomplishments serve brand while going to space in 2020 did not go as planned a few missions did had some significant milestone 1st in july 2020 the united arab emirates launched holp which became the arab world's 1st mission to another planet now that mission will build a complete picture of mars as climate and helping scientists better understand what mars was like when its advice here could have supported life now also in a 2020 of july their peers have errands rover was launched by nasa their mission to seek signs of life. and collect samples of rug for possible return to earth and
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july was apparently a big month for space the chinese tionne when one mission and or bridge iran the red planet making this china is a 2nd space mission but the 1st that it attempted without any international partners not all of those 3 missions reached a martian or a bit in february of 2021 now fast forward a few months to november of 2020 crew dragon capsule carried 4 astronauts into space from the kennedy center in florida now setting off on a 27 hour pursuit of the international space station on spaces x. 1st operational crew a taser slide to the orbiting outpost in the this mission also mark space x. is 100 successful flight to orbit but not all of space x.'s launches have been successful now the next prototype of 2020 named s.
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and 8 to get to the air for several minutes in the september before flipping around and eventually exploding upon landing now while the prototype didn't stick to the landing it did last through several aerial maneuvers now we've also had some pretty big milestones in 2021 now earlier this year brazilian earth observation satellite soar to sprayed aboard an indian rocket along with 18 passengers satellites from the u.s. and india now this marks brazil's 1st independently design build and operate a satellite then we had another failure for space x. this starship s. and 10 spacecraft touchdown successfully after a haul a high altitude test flight a major milestone for the company and its crude mars ambitions but the. vehicle
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didn't manage to hold itself together exploding about 8 minutes after landing lasley china's new long march 7 a rocket launched its 1st or of a donation after its 1st attempt one year ago and that it was a ferry or brand arctic correspondent saya tavenner thank you so much. and when we use the term space race most of us think back to the united states in the soviet union rushing for dominance in outer space what we should now think of is the race between private companies attempting to be the 1st to offer space exploration to the public boom bust co-host ben swann explains. there are essentially 3 major private space companies that are competing in this arena we're talking about of course musk's space x. jeff bezos is blue origin and so richard branson is virgin galactic the real question though is just how far candy's private space companies push each other as
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they compete well let's start with what each of these companies is focused on right now blue origin plans to deliver moon gravity style missions on space flights much closer to earth starting in 2022 the company plans to meet a longstanding need to simulate lunar gravity that would be one 6th of the earth's for larger payloads and for longer periods of time than the current options now a big setback for the company however is its new glenn rocket program the launch date for its massive reusable rocket had been 2020 the company now admits that new glenn won't be launching until at least the 4th quarter of 2022 are let's move to virgin galactic as of december of last year the company landed a major contract with nasa virgin galactic has been selected to provide regular access to flights for nasa payloads as the space agency conducts more research and development and plans for future exploratory missions but virgin galactic has also had some big setbacks to its space ship to some. orbital vehicle the company says
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it is delaying the next test flight of that vehicle by more than 2 months to address technical issues in addition part of a revamped flight test program will postpone flights of space tourists until at least 2022 and then there is space x. arguably the best known and so far most successful private space company in fact just last week in the space x. falcon 9 rocket launched a new batch of 60 starlink internet satellites into orbit early sunday and then nailed its landing at sea to top off a record setting mission by the way starling is a satellite based internet constellation intended to blanket our planet in high speed broadband the goal of the project is to bring internet connectivity to the billions of people who still lack reliable internet access the idea require swarms of satellites operating in low earth orbit to provide continuous coverage but let's go back to space x. because nasa is also working with space x. to launch a 2nd commercial crew rotation mission to the international space station it's an
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extremely big deal as nasa's space x. crew 2 mission will carry astronauts from nasa and the e.s.a. the european space agency aboard a crew dragon spacecraft launching atop a falcon 9 rocket on its way to the space station the mission is scheduled to lift off no earlier than april 20th of 2021 at nasa is kennedy space center in florida so all of this raises the question why is it nasa doing this themselves who actually nasa is working with these companies but also reaping the reward of allowing private companies to bring down the cost of space exploration by competing for nasa contracts that allows nasa to invest in other areas of space and utilize innovations that taxpayers are having to pay for this kind of investment is also good for companies that look to improve satellite service in fact as space companies embrace greater efficiency and more commercial applications the global space industry will continue to grow and just. couple of numbers to keep in mind
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here morgan stanley has said that the global space industry could actually produce revenues of one trillion that's one trillion dollars by just the year 2040 right now current estimates for global revenues roughly $350000000000.00 for room bust. so let's dig deeper into the private space industry with boom bust co-host christiane aaron peggle he's an adjunct professor of strategy and economics at de paul university with a focus in space commercialization thank you both for being here now aaron i want to start with you and this is the most simple question we talk about the private space industry what is the motivation behind private space companies like space x. blue origin and virgin galactic why are they doing all of this. well private launch companies like 3 you're mentioning and many others are just trying to lower the cost to space so that we can fully develop the earth space on a me lower transportation cost means it will be easier to develop overall
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infrastructure that can eventually make space launch a primarily human transport industry rather than cargo and human but i want to clarify when i say eventually i mean this is going to happen is going take a long time longer than 20 years right but we're constantly towards that goal and the ultimate goal of mission is to enable other types of economic interactions off planet and now kristie when we talk about the big bucks involved here we just heard ben say that this is going to be a trillion dollar industry by 2040 according to morgan stanley now how exactly are these companies going to make this profitable because i feel like so many on lookers see this says it's really a vanity project for some of the world's wealthiest people. i actually have 2 things working for him to kind costs on the supply side and increasing demand on the user side so today have the development of these reusable rockets that are providing a turning point in the industry so these reusable rockets are kind of like an elevator to low earth orbit and then exceed to access lowering costs so as they
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succeed basically shut the global marketplace with a low cost an unprecedented wandering of its falcon 9 rocket where historically rockets sound like satellites and other marks space x. where x. and the ball and the boosters were discarded to oceans after each lot so the lower cost of space x. rockets has now created new opportunities for what you can launch and there are also new competitors like blue origin who are creating this whole ecosystem of launch vehicle providers that are servicing lower end of the market cheaper solutions so the real rocket will help to drive the cost of launches down as well as the mass production of satellites currently the cost to lodge a satellite has declined to about $16000000.00 from $200000000.00 vs be useful lockett's and there's the potential to drop as a no as 500000 economies of scale and mass production so now on the demand side we have the entire space industry likely to impact a number of industries including aerospace and defense i.t. hardware and telecom services so the most significant opportunity may come from satellite and broadband internet service and of our in the market stanley here the
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satellite broadband will represent about the percent of the projected growth of the global space economy and watching the satellites will help to drive down the cost of data just in time when demand for high speed data and access and storage costs explodes so there's going to be an increased demand for broadband with from thomas cars io t. devices artificial intelligence virtual reality and of course more video streaming now aaron to kristi's point that impressed you on this specifically but when we talk about broadband satellite internet specifically is space x. best poised to make this profit early because there are you know getting started on their starlink internet constellation is that going to be a big boon for their their bottom line to help them push this even further. absolutely i mean we're talking about. 2 industries that are highly that are commodities right like we're talking of transportation and communications technology which are there's a lot of demand for that and having
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a vertical eyes industry that can one you can get to space really cheap on your own that you know how to manage it you manufacture those vehicles the operation of it as well and then you're operating these satellites and can manage your own schedule and really be in control of all that which a big issue of the launch industry is just making sure that we have enough launch capacity and spacex control for that so yeah it puts them in a really good leading position by having access to this vertical ecosystem and what's the future of private enterprise with space exploration and commercialization is the handful of companies that we see in this space it's currently just the tip of the iceberg or our view is the only people crazy enough to actually go for this. you know to kristi's point there's a lot of pent up demand for lot to passe so there are hundreds of startups looking to get into this game hundreds of launch starts i should say but you know what's eventually going to happen is we're going to see the consolidation to 3 or 4 major
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firms you know right now as i said space launch is a really vertical ised vertically integrated industry with manufacturing operating eventual you will likely see this scenario operation and manufacturing might become separate like airlines or railroads or oceanic shipping right. but then again this is also going to happen in a lot of a very long time from now at the moment there are hundreds of firms and gates and a whole host of product and service development that is not launch and will ultimately a lot rely on cheap consistent and safe access to space so with that in mind this plenty of room for more start ups to try and meet that demand and now kristie something we talk about on the show all the time there's actually a lot of talk about how block chain technology can be used in space in fact j.p. morgan actually tested black chain payment in space saying quote nowhere is more decentralized to detach from the earth than space tell us about the significance of this test and what the future holds for the technology in the space sector. yeah
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this is a very cool experiment as j.p. morgan test of blocking payments between satellites orbiting earth and basically this test ultimately show that blocking technology could power payments between everyday objects autonomy so i can have this experiment in space a valet the approach towards a decentralized network where communication with the earth is not even necessary so like a network created between 2 satellites and token transfer of this was done without any sort of communication with the earth which is basically the clue what we've been saying of doing a peer to peer transaction on our earth of what we do with block with the network without the use of any form of payment form or middleman like a.o.l. or bet and so the idea is now to explore io t. payments and a marketplace where satellites would send each other data in exchange for payments as more private companies launch their own devices into space and we often hear the word io t. a lot where physical devices are connected to one another and that it was sensors
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or software that could share data things like amazon echo or google home smart for traders and examples of these io t. payments would be your smart fridge ordering and paying for milk or self driving car paying for gas and what we said earlier satellite technology could be the key to power and watch and you have companies like blocks from the 1st to distribute that coin block can be a satellite or space chain which logs to block chain enable satellite payloads into orbit which allows for transactions without ever touching the internet so i think government and financial applications will be the 1st to adopt space blocked and other industries more sensitive data and a lot of remote sites that need to get information from different sources could also be a candidates basically it allows the companies to upload their data and bypass the existing terrestrial networks that we currently use to talk to data centers and this will eliminate dependence on this infrastructure which will remove a significant vulnerability for data. christiane and paper i could get about this all they will have you back to talk more about this in the near future thank you
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both for your time. thank you. time now for a quick break but a here because when we return there was once a time when just 2 countries dominated the space race but now the list of nations with their eyes set on the stars continues to grow as we go to break here the numbers at the close. ranks guys are slanted little by little they say money to develop. closer to the easier it is essential plugs for dying at the moment i don't call them right so stop. i'm going to trust my friends you can. walk down across the ground because the
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progress means bringing reviewers or true longer. i mean you know start employing in the use of those. who are. not stupid and you can not sound like you're most of them still can always. keep a few skew things up in the future beginning with a map a us. do not yet you nationally for sides. can boy get him in the new all good and i still knew there were no secrets that are . ya blogs at 6 all extremists all of which i don't know much you look at the polls. new top of that if you still have to build a you believe usually yang is not a little story and with a many a can be as nice. to. each one. it wasn't like him
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to be the one in good. and welcome back as we mentioned earlier in the program there was a time when aspirations in space were dominated by just 2 countries the united states and russia but today the list of countries with space programs continues to
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grow as the moon once again becomes a target of both lunar exploration and political competition are to correspondent john howard he has more for more than 2 decades the international space station has really been a symbol of international cooperation with among others russian cars minot's working alongside american astronauts in orbit all harmony and while the cosmic cooperation continues aboard the i assess on the ground here on earth well it's a different story there is a growing divide between governmental space programs vying for new technology satellite dominance and soon lunar exploration. russia and china have signed various agreements to begin working together on space projects including setting up a scientific station on the moon perhaps signaling the end of u.s. and russian space relations and the beginning of a new era of competition with china and russia over returning to the moon china
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plans to have more than 40 space launches this year alone while constructing the country's 1st space station as a main priority but the u.s. certainly isn't going at it alone the u.s. established what are called the artemis accords a series of bilateral agreements with other countries space agencies including australia italy japan the u.k. and the united arab emirates the european union has pledged to pursue a more aggressive european space plan to prevent china from outmaneuvering and out muscling the u.s. and its partners while creating a more independent program of its own across the world the united arab emirates made history recently by becoming the 1st arab nation to send a spacecraft into the martian orbit for a 2 year mission saudi arabia plans to add another $2000000000.00 to its own space program by 2030 and what has become a middle east space race of its own saudi arabia is one of the main founders of
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arab sat the arab satellite communications organization which it has a 37 percent stake in israel also continues to bolster its own space program its own technology and research and the iranian space agency continues to launch satellites into orbit the u.s. has raised concerns about iran's potential military goals using rockets to be repurposed as long range missiles and also iran's and hand space reconnaissance capabilities it's a cosmic stew of competition between countries spanning the globe in the race to space but the u.s. still leads the charge in the race to mars and yet another historic achievement now . ass's perseverance rover continues to be back images and even sound from the red planet 150000000 miles away from boom bust john hardy for more on all of this let's bring in rick tumlinson the founder of space fund the space frontier
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foundation and earth light foundation how do you have time to be such afficionado in space we have so many foundations rick how i want to start my thought here about some of the destinations for space programs as we just heard from john hardy there russia and china have signed an agreement to work together on a scientific station on the moon while nasa plans to land the 1st woman and the next man on the moon by 2024 what's the significance of returning to the lunar surface. well basically you know that it's like an island shore. you know it's close announce on where we can get back and forth really quickly you know couple of days 3 days. but it also allows us to learn how to operate. on all the worlds so you know it's needed radiation and you've got zack you know. if you can handle that and learn how to
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operate there well then you can pretty well go anywhere did we do a disservice by kind of i don't want to say abandoning the space program because we certainly didn't do that but you know it's been nearly what 50 years since the last time anyone landed on the moon so is that a disservice to the ambitions when we talk about moving towards mars and something like that by stopping those missions. yeah i actually do think it was a disservice i'm i'm part of the generation that you know you can either call us poles children there are orphans of apollo which is a nice documentary film i recommend. the fact is that. i think you know there was a goal kennedy had a goal of being to some of the. taking perhaps what you might call the most expensive selfie ever which is basically where here you're not haha we have the better system. but the problem is there was not a lot of plantains to want to do it it's like you know the old question if the dog
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catches the car and so a lot of us don't know what we want to do with it and we have. been working on various different ways to sort of open net up and make it something that people can go to that you can go to i can go to and there are children can go to so we're getting back on track now and it seems you really need to use the word taking off. earlier this year we often talk a bit about the 3 missions we've seen to mars recently by the u.s. china and the u.a.e. and we actually heard quite a bit about you know studying ancient life or what might have been but meanwhile space x. actually hoping to watch the 1st manned mission to the red planet sometime between 20242026 you know why have we always had that fascination with going to mars it just that it's the next closest body in the in the solar system. a person look everybody's got their destination they want to go to in space you've got the moon people you've got morris people you've got what i call suns it's. much
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more. habitats and the space itself. i think anything on it folks who want to go to mars i think underlying it i got to tell you i think it's because it's got a sky and it seems the most earth like of the destination. but you know we're going to be able to go. anywhere eventually in the solar system was it we're going to find some other 'd places on the call home and to me that's the key it's all settlement exploration is just. and on a broader scale rick you know why are we seeing so many nations bolster their space programs now where one point it was all legit just 2 countries is this being pushed by that private space industry that we talked about so much there in the beginning of the show so. yeah i think this is one of those cases where people are different to leaders in the world are starting to realize. that this is important.
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and that you know it's almost like in the old old age an explorer ation that people are starting to understand the implications of the fact that we're sitting in a vast solar system raising. capabilities or going out into it and they're just starting to to to get on board and then you know they look over their shoulder and they see a potential political enemy or somebody. and they think. rick tumlinson unfortunately we are out of time we could spend hours talking about this as we said earlier founder of space fund space frontier foundation and earth life foundational have again soon thank you so much. and that's it for this time you can catch boom bust on demand on portable t.v. which is available on smartphones and tablets through google play in the apple app store by searching portable t.v. portal to be could also be downloaded on newer model samsung smart t.v.'s as well
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as ro who devices or simply check it out at portable dot t.v. we'll see you next time. is it. fair for transforming our plates to compete in women's categories and sport . as a society we have decided to categorize sports based on sex i definitely do not think that it's fair for athletes that when porn is pi logical males to compete in the women's category on the run. why do we have gender or do you have gender categories in sports because we do treat men and women differently. every single soul beat athletes will we all have biological advantages over each
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other. barlow thing means a lot to me and i think players are the supreme need a little there is a goal to do it. and develop confidence and belief in myself and i've learned the value of hard work and dedication i'm gonna put on doubt. that these men say that they feel like a woman then they will not ever know what it's like to feel the loss of a baby there may be biological free home of these that they will never do they really think this is fair. i just don't believe it. welcome to maximize their financial survival guide. looking forward to your pension account. yanks this is what happens to pensions in britain don't let
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this you watch kaiser report. taster unlike site or unlike hearing the brain doesn't have an organ for tuning right we have no organ for time nor could we because time isn't material physical substance like matter or like late so the brain has to create the perception of time. americans love by and homed. this was a fundamental part of how our political leadership and our country at large understood the bargain you get a home and then you know rebel right as the things you don't revolt if you have a stake in the system. to be really interesting to dial it back and think about the longer deeper history play housings man in the united states not just the
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question of the american dream the bigger question of who the dream is and for. headlines this hour here on our fears that the astra zeneca vaccine causes blood clots linger as u.k. doctors report that some patients saw the counseling appointments for the job despite the giving it the all clear. to clamp down on ghettos unveils controversial plans to reduce the number of western residents in neighborhoods by 30 percent over the next 10 years. police in england and wales are told to classify violence against women as a hate crime if the victim thinks it was motivated by a soldier and it's often the government caved to pressure in the wake of a woman on the program our guests debate the merits of the trade which. i'm
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