One Minute Economics: The Economics of Space Exploration and Travel: From NASA to SpaceX, Blue Origin & Virgin Galactic
We've analyzed the economics behind a lot of things here on One Minute Economics... so why not safe travel? Frankly, understanding the economics of space travel will give you a unique glimpse into perhaps the #1 industry of the distant future... with distant future being the operate word, however. During the days of the Cold War, space programs attracted tons of resources primarily due to the fact that such successes were vital from a propaganda perspective. However, as time passed, countries became less willing to fund expensive departments like NASA... and speaking of NASA and the economics behind it, the government allocated as much as 4.41% of the Federal Budget in the direction of NASA back in 1966. Nowadays, that's just not the case anymore and the private sector was encouraged to step in. Fortunately, it has but that begs the question: what are the economics of Elon Musk's SpaceX, Blue Origin LLC of Jeff Bezos or Virgin Galactic? As you're about to find out, goals such as colonizing/exploring Mars that are mentioned by entities such as SpaceX are for the time being not within reach for financial reasons. However, as the economics of space exploration change and companies like SpaceX, Blue Origin or Virgin Galactic add various income sources to the mix (anything from space tourism to asteroid mining)... that can most definitely change :) To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to email@example.com, any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is: https://www.patreon.com/oneminuteeconomics Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942 iBooks (Apple) - https://itun.es/us/wYSveb.l Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0 My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970 iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265 Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty Last but not least, if you'd like to follow me on social media, use one of the links below: https://www.facebook.com/oneminuteeconomics https://twitter.com/andreipolgar https://ro.linkedin.com/in/andrei-polgar-9a11a561
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