Venture Capital Helping Private Space Travel

Space travel isn’t something that is only limited to government agencies.  A new space race has gotten underway, and it is being led by some of the wealthiest entrepreneurs in the world.  Instead of relying on capital companies, like Arthur Trueger’s BerkeleyVC, these entrepreneurs are fronting the money from their own (very deep) pockets.

People like Richard Branson (Founder of Virgin), Paul Allen (co-founder of Microsoft), Jeff Bezos (founder of Amazon), and Elon Musk (founder of PayPal) are leading a new revolution in space exploration.

Investing in Moon Land

In a previous post i mentioned that the Lunar Registry is offering plots of land up in one acre increments.  Once my excitement that i may be able to live on the moon someday subsided, i felt a little uneasy thinking about the negative aspects of what the privatization of space would bring.  Billion-dollar corporations have already shown that they will exploit anyone and everything just to increase profit by a tenth of a percentage point; just imagine the recklessness with which they will treat space.

My fear is that in the not-so-distant future people will be buying and selling plots of moon land or spaces in space like they are trading stocks in the market or online services.  For terrestrial stocks, that’s fine, but i would hate to see space become one huge advertisement like most of the Earth has.

Orion Image

The spacecraft that NASA hopes will return humans to the moon is scheduled to begin flight testing in fall 2008. The Orion spacecraft’s first duty will be to replace NASA’s aged space shuttle fleet with missions in Earth’s orbit, including visits to the International Space Station. They are scheduled to begin in 2015.   The spacecraft that NASA hopes will return humans to the moon is scheduled to begin flight testing in fall 2008. The Orion spacecraft’s first duty will be to replace NASA’s aged space shuttle fleet with missions in Earth’s orbit, including visits to the International Space Station. They are scheduled to begin in 2015.  View

$16.7 Million Contract For Work On Ares I

NASA has authorized a contract with a maximum value of $16.7 million with Alcoa North American Rolled Products of Bettendorf, Iowa, to supply aluminum lithium plates and metal ingots for early development of the Ares I crew launch vehicles upper stage. The firm fixed-price contract has a period of performance through Aug. 5, 2008.

Ares I is an in-line, two-stage rocket that will transport to low Earth orbit the Orion crew exploration vehicle containing up to six astronauts. The first stage will consist of a single reusable solid rocket booster similar to those used on the space shuttle, with an additional fifth segment. The second, or upper, stage will consist of a J-2X main engine fueled by liquid hydrogen and liquid oxygen propellants.