Jeff: This is, this is a, a,
Jeff: a momentous day for not only NASA
Jeff: and for the space economy but honestly
Jeff: for US industry as a whole,
Jeff: which is why we chose to do it at the Nasdaq market site.
Jeff: There is no better venue to come and show, uh,
Jeff: that the International Space Station is now
Jeff: basically open for business for US companies to,
Jeff: uh, to come up, uh, to manufacturer and to,
Jeff: to now, uh, bring
Jeff: private astronauts aboard the space station.
Jeff: So, it's a big day. It's a big announcement.
MALE_1: Let's get the price tags here.
MALE_1: How much is it gonna to cost me to get to the moon?
Jeff: Uh, to go to the moon?
Jeff: Right now we're talking low earth orbit.
Jeff: So the space station, uh, [OVERLAPPING]
MALE_1: Oh, space station and then eventually the moon though.
Jeff: Eventually the Moon? I'd love
Jeff: to see it expand to the moon.
Jeff: Uh, We are going back to the moon.
Jeff: The, the goal is by 2024, uh-
MALE_1: [OVERLAPPING] But you have to an astronaut to
MALE_1: be go to the moon. You can't just be a private.
FEMALE_1: [OVERLAPPING] You can be a private astronaut now.
FEMALE_1: I mean this is one of the things, right?
FEMALE_1: And by the end of the year,
FEMALE_1: you want to have at least, uh,
FEMALE_1: maybe two potential of these commercial flights with
FEMALE_1: private astronauts about a dozen
FEMALE_1: or so a year, right Jeff?
Jeff: Yeah, we're gonna have two a year to start
Jeff: out with and we,
Jeff: we want to expand the program, uh,
Jeff: as much as the demand allows.
Jeff: And so, uh, we're trying to drive
Jeff: that demand right now to bring
Jeff: commercial companies onboard.
Jeff: There are a lot of uses that, uh, uh,
Jeff: of commercial companies to produce and
Jeff: manufacture things in space from,
Jeff: uh, retinas that, uh, that can allow blind people to see.
Jeff: There are companies that when they try to
Jeff: produce these fine of quality and,
Jeff: and thin retinas on earth,
Jeff: they collapse in on themselves but they can be produced,
Jeff: uh, in no gravity.
Jeff: So, um, there are uses from,
Jeff: uh, fiber optic lines
Jeff: that are, that are much higher quality.
Jeff: So there's so many uses
Jeff: up in space and that's what we want to do now is,
Jeff: is use these American resources to
Jeff: spur the American economy, uh, and,
Jeff: and, and use that extra revenue
Jeff: now to go further in space,
Jeff: get back to the moon and, and go on to Mars.
FEMALE_1: And this idea that you have
FEMALE_1: to sort of do business in a different way,
FEMALE_1: uh, and, and sending and opening
FEMALE_1: up capabilities to private companies.
FEMALE_1: You mentioned I think the answer to my question,
FEMALE_1: which is that is this about creating jobs in America?
Jeff: This is absolutely about creating jobs in America.
Jeff: The space economy is growing, it's vibrant.
Jeff: Um, there are over 5,000
Jeff: US companies and small businesses right now that,
Jeff: uh, do business with NASA in one, one form or another.
Jeff: Uh, and this is gonna not only expand what
Jeff: those companies can do but bring
Jeff: other companies into the fold.
Jeff: Uh, if there was a space ETF,
Jeff: I expect it would be a,
Jeff: uh, very very large today.
Jeff: So this is great for the US economy and it shows
Jeff: American taxpayers that NASA is using their money well.
MALE_1: What is the space race of 2019 and who does it involve?
Jeff: Well, the space race right now,
Jeff: is getting back to the moon.
Jeff: It's the Artemis mission that we'll return, uh, uh,
Jeff: not only the next man but the first woman to
Jeff: the lunar surface by 2024.
Jeff: Uh, and then it's on to Mars.
Jeff: The next space race after that will be getting to Mars.
Jeff: And so, um, this is,
Jeff: this are all things that enable us to get there.
FEMALE_1: All right. And there's a lot of excitement not only in
FEMALE_1: the travel side of
FEMALE_1: this business and we know there are
FEMALE_1: smaller companies that are already looking to do that.
FEMALE_1: And bigger ones too like Blue Origin right,
FEMALE_1: trying to send some of these private citizens.
FEMALE_1: Uh, but then also the capabilities
FEMALE_1: of research and development.
FEMALE_1: Now, that's a big part of why you wanna send
FEMALE_1: private astronauts and
FEMALE_1: also commercial astronauts into space.
FEMALE_1: You mentioned some of the, uh,
FEMALE_1: you know, research already being done there.
FEMALE_1: But why is it better to do some of
FEMALE_1: this research in space rather than here on Earth?
Jeff: Like I said, it's that,
Jeff: it's that no gravity environment that
Jeff: allows for different manufacturing processes
Jeff: that you just cannot do on Earth.
Jeff: And, and there are things of such,
Jeff: such high and find tolerances,
Jeff: um, that this opens it up.
Jeff: And what you're going to see down the road,
Jeff: 10 or 20 years from now,
Jeff: as these technologies are proven and it shows
Jeff: that the manufacturing and space for
Jeff: these specific industries, uh,
Jeff: work very well, you will then
Jeff: see private companies start to put,
Jeff: put up and they've already have some
Jeff: of the drawing boards to put up their own,
Jeff: uh, smaller versions of
Jeff: a space station in order to do the manufacturing.
Jeff: So what we're allowing them to do is to prove
Jeff: those technologies [NOISE] and prove that
Jeff: manufacturing on the space station,
Jeff: uh, so they can then go and market
Jeff: these opportunities on a bigger scale down the road.
FEMALE_1: And there's going to be a lot of
FEMALE_1: supporting industries that may be coming up.
FEMALE_1: I know you're already recruiting or at least
FEMALE_1: having an open call for companies,
FEMALE_1: individuals for marketing ideas,
FEMALE_1: uh, a- a- as well.
FEMALE_1: Wha- what are some other industries outside
FEMALE_1: maybe marketing that you can see
FEMALE_1: being supported by this initiative?
Jeff: Well, the interesting thing right now with
Jeff: private astronauts is, um,
Jeff: they could, you could see movie, uh,
Jeff: movie producers put astronauts up in space.
Jeff: You might see game shows,
Jeff: where the winner goes up into space.
Jeff: Um, the other thing is the pharmaceutical sector
Jeff: has a big big interest in producing
Jeff: some of the very very high tolerance pharmaceuticals
Jeff: up in space that just can't get the,
Jeff: the, the tolerances they want, uh,
Jeff: down on Earth and so, um, there are a lot of uses.
Jeff: We, we have over 50 US companies already to do business,
Jeff: uh, manufacturing and testing in space,
Jeff: and 20 of them were here today for
Jeff: that announcement and are very
Jeff: excited and we've already heard there are some, uh,
Jeff: some deals coming in right
Jeff: now where they're starting to lock up
Jeff: these seats with SpaceX and Boeing
Jeff: to get their astronauts up to the space station.
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