Firms to run with government space tech like GPS



The space industry is long overdue in its shift toward commercialization, astrophysicist Neil deGrasse Tyson told CNBC on Monday.

“This should’ve happened decades ago,” Tyson, director of the Hayden Planetarium at New York City’s American Museum of Natural History, said on “Squawk Box.”

“When we think of space, we think of NASA,” but the government agency is “only a small fraction” of what’s going on in space, said Tyson, who likes to comment on all-things-science on social media and television.

Among the top commercial space enterprises are Virgin Galactic, the space tourism arm of Richard Branson‘s empire that went public this year, as well as privately held rocket companies SpaceX, founded by Elon Musk, and Blue Origin, founded by Jeff Bezos.

Morgan Stanley forecast $800 billion in annual sales by 2040 for hypersonic travel, which means traveling in aircraft at more than five times the speed of sound.

Virgin Galactic is in the early stages of exploring how the technologies it developed for space tourism might apply, with Boeing venture arm HorizonX recently investing $20 million into Branson’s firm, specifically to explore hypersonics.

However, the idea of companies forming around what was once the government’s domain is not new.

Tyson, a bestselling author and host of TV shows, pointed to the history of Global Positioning System technology. “Now entire industries exist” because the GPS development that started out as a military project, he explained.

“That’s the future” blueprint for the advancement of space travel and exploration by companies, he predicted. But there needs to be an increase in regulation in space, he said, adding it’s been “a little bit of a wild west” thus far, he added.

Tyson reiterated his support for a “space force” to protect U.S. interests in space.

Funding for the creation of that type of arm of the military, a priority for President Donald Trump, is contained in the $738 billion defense policy bill that passed the House last week.

— CNBC’s Michael Sheetz contributed to this report.



Source link


Leave a Reply

Latest great deals from Amazon.Save by clicking HERE.
+

You must be atleast 21 years of age to visit this site.

Please verify your age

- -