Posted on 08/14/2005 3:06:00 PM PDT by KevinDavis
The successful flight of Space Shuttle Discovery has rekindled the dream of commercial ventures into outer space. That's good news for local companies that could benefit as the industry shifts from a government program to private ventures.
The International Space Business Council last week released the "2005 State of the Space Industry" report, which calculates that spending from commercial services and government programs soared to $103 billion in 2004 and could reach the astronomical level of $158 billion by 2010.
"With the diversity of the sector ranging from Wal-Mart's IT network to NASA Mars missions to the military's hunt for Al Qaeda, the size of the industry should not be a surprise," said Scott Sacknoff, president of ISBC. "Governments around the world look to the industry and see space and satellite technology, R&D and services as vital to their nation. Commercial firms continue to see the industry as an opportunity."
(Excerpt) Read more at sddt.com ...
Imagine the world ecconomy if the NY to London was less than an hour for regular commercial flight.
Can they make it profitable?
Is there a market for NY to LA in 30 minutes?
Actually, I'd see more potential in manufacturing and minerals then travel, but that takes ( the horror ) long term thinking and major capital investment.
Be sure to factor in the two hours going through security.
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