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Title: Spaceflights From Desert Depend on New Jobs
Source: Bloomberg
URL Source: http://www.bloomberg.com/news/2011- ... f-dead-depend-on-new-jobs.html
Published: Jul 27, 2011
Author: Bloomberg
Post Date: 2011-07-27 09:18:05 by go65
Keywords: None
Views: 5100
Comments: 20

The frontier of commercial spaceflight, which opened when NASA’s shuttle program ended this month, is taking shape in an unfinished assembly of metal, glass and concrete that resembles a rust-colored stingray burrowed halfway into New Mexico’s desert.

“Spaceport America” bills itself online as “the world’s first purpose-built commercial spaceport” and will be the official home of Virgin Galactic, billionaire Richard Branson’s venture that proposes to take tourists into suborbital space. It’s about 75 miles southwest of the Trinity atomic-bomb test site where the U.S. ushered in the nuclear age 66 years ago.

It’s even closer to the mobile home of Florita Munoz in Rincon, New Mexico. Munoz, 69, says she has little regard for this latest attempt to enter a new era. The 4-year-old project has already cost her state, the 10th poorest in the U.S., $209 million in public money. It’s at least nine months behind schedule and its director says it won’t generate as many jobs as backers once claimed.

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Begin Trace Mode for Comment # 3.

#1. To: jwpegler (#0)

thought you would find this of interest, few proponents of private space flight replacing NASA seem to realize that private space companies such as virgin are completely dependent on public support to survive.

go65  posted on  2011-07-27   9:18:54 ET  Reply   Untrace   Trace   Private Reply  


#3. To: go65 (#1)

I oppose taxpayer funding for billionaires to build "space ports" just as I oppose taxpayer funding for billionaires to build new football stadiums.

If the government has to subsidize a commercial activity to keep it going, it's probably not worth doing.

If Richard Branson wants a "legacy" (as stated in the article), great! He should fund it himself or go out and get investors willing to risk their own money. This is what most start ups do. The guy is not even a U.S. citizen. Why should American taxpayer's hand money over to him?

Government spending on economic activities should be limited to basic research -- not applied research, not product development, but basic research -- and to infrastructure. I am a strong proponent of both.

jwpegler  posted on  2011-07-27   14:37:10 ET  Reply   Untrace   Trace   Private Reply  


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