, THEY USE THE 50 LONG, ROBOTIC ARM TO INSTALL CAMERAS AND OTHER EQUIPMENT.. The OPERATION TOOK NEARLY 7 HOURS.. The ASTRONAUTS ARE ON A THREE MONTH MISSION TO COMPLETE THE STATION. gtgtgt THIS MONTH, A PAIR OF BILLIONAIRES PLAN TO BEGIN A NEW ERA IN CIVILIAN SPACE TRAVEL. ON JULY 11th, VIRGIN GALACTIC FOUNDER RICHARD BRANSON WILL FOUND HIMSELF IN OTHER PASSENGERS.. If ALL GOES ACCORDING TO PLAN. Branson WILL BE THE FIRST BILLIONAIRE TO LEAVE EARTH’S ATMOSPHERE ON A SPACECRAFT HE HELPED TO DEVELOP. AMAZON’S CEO JEFF BEZOS IS EXPECTED TO TAKE A SIMILAR TRIP. Nine DAYS LATER., HE WILL BE ON HIS COMPANIES AND NEW SPACECRAFT. FOR MORE ON ALL OF THIS, I WANT TO BRING IN BILL HARWOOD., SO THE SPACE MISSIONS ARE SCHEDULED TO BE NINE DAYS. Apart. TELL US A LITTLE BIT ABOUT THEIR SIMILARITIES AND DIFFERENCES.. You KNOW OUR BEZOS AND BRANSON FEELING COMPETITION FOR BEING THE FIRST OUT THERE IN THE SAME WAY THAT THE U.S. AND USSR HAD BEEN VYING TO BE THAT VERY FIRST ONE gtgt. I DON’T KNOW THAT I WOULD PUT IT IN THAT CLASS, BUT I DON’T NEED THAT. There’S ANY QUESTION THAT THERE’S COMPETITION., BOTH OF THEIR COMPANIES, ARE GOING TO BE COMPETING FOR DOLLARS. THEY’RE, GOING TO BE FLYING PASSENGERS TO SPACE. THOSE TICKETS, AREN’T GOING TO BE CHEAP., SO WHOEVER CAN BRING IN THE MOST PEOPLE MAKES THE MOST MONEY. NOW JEFF BEZOS WAS THE First TO SAY HE WAS GOING TO FLY AT THE END OF THIS MONTH AND THEN RICHARD BRANSON CAME UP A LITTLE BIT OUT OF THE BLUE AND SCHEDULED HIS FLIGHT JUST IN FRONT OF BEZOS.

. I THINK THERE’S. Definitely SOME COMPETITION IT’S, DEFINITELY A RACE., AND WE WILL SEE HOW IT PLAYS OUT.. You ASKED ABOUT SIMILARITIES AND DIFFERENCES.. They ARE BOTH GOING, AS YOU SAY, TO THE EDGE OF SPACE.. This IS ALTITUDES, JUST ABOVE 50 MILES. AND THEY DESIGNEDIS VERY FUTURISTIC, LOOKING ROCKET PLANE. That GOES UP AND FLIES BACK TO EARTH LIKE A AN AIRPLANE.. The BLUE ORIGINS IS A CAPSULE WHERE THEY GO IN A CAPS ON AND PAIR SUPERIOR, BUT THE OBJECT IS THE SAME. gtgt. You MENTIONED THOSE EXPENSIVE PRICE TAGS AND I WANT TO GET THAT IN A LITTLE BIT.. But FIRST I WANT TO YOU TO GIVE ME A LITTLE BIT OF A PERSPECTIVE.. The VIRGIN GALACTIC HAS BEEN AROUND FOR 15 YEARS AND THEY ARE FINALLY GETTING THEIR LAUNCH NOW.. But I NEED SOME CONTEXT.. Is THIS A LONG TIME OR A SHORT TIME, GIVEN THE TECHNOLOGY THAT THEY HAVE HAD TO DEVELOP? Gtgt IT’S INTERESTING, YOU PUT IT THAT WAY. BLUE ORIGINS AND HAS BEEN AROUND SINCE 2000, SO THEY HAVE BEEN IN THE GAME NOW FOR MORE THAN 20 YEARS., IT’S VERY DIFFICULT.. Only GOVERNMENTS HAVE DONE THIS IN THE PAST.. They ARE THE ONLY AGENCIES IN WORLD HISTORY THAT HAVE PUT PEOPLE IN SPACE.. This ADVENT OF COMMERCIAL SPACEFLIGHT IS TECHNOLOGICALLY CHALLENGING. THERE’S ALL SORTS OF FACTORS IN PLAY THAT WEREN’T THERE FOR WHEN THE GOVERNMENTS WERE DOING THIS., THEY ARE NOT TAXPAYER FUNDED., THEY ARE BEING FUNDED PRIVATELY AND THERE ARE SETBACKS ALONG THE WAY.

VIRGIN GALACTIC LAWSON AIRCRAFT IN A 2014 Disaster THAT KILLED ONE OF THE PILOTS. THEY’VE HAD TO RECOVER FROM THAT BUILD A NEW SPACECRAFT. Since THEN, A BLUEBIRD ORIGIN HAS TAKEN THE HAIRS APPROACH OR THE TORTOISE APPROACH INSTEAD OF THE HAIR AND TAKING THEIR TIME LAUNCHING MULTIPLE TEST FLIGHTS BEFORE THEY PUT PEOPLE ON BOARD.. But THE SIMPLE ANSWER TO YOUR QUESTION IS: THIS: IS NOT EASY. VERY FEW PEOPLE HAVE EVER ATTEMPTED ANYTHING LIKE THIS, AND SO IT HAS TAKEN SOME TIME TO GET HERE., BUT THEY ARE THERE. gtgt. I DON’T THINK IN 20 YEARS I WOULD BE OLD TO GET THERE ON MY OWN ANYWAY., NO JUDGMENT ON HOW LONG IT’S TAKEN., BUT BILL LET’S TALK A LITTLE BIT MORE ABOUT THE SPACE RACE IN THE MIDDLE OF THE COLD WAR., BECAUSE THERE WERE TANGIBLE BENEFITS FOR The AMERICAN PUBLIC AND THE WORLD REALLY., BUT IN THIS CASE, DO WE, THE GENERAL PUBLIC, STAND TO BENEFIT FROM THE CURRENT COMMERCIAL SPACE RACE OR IS IT A MORE JADED VIEW OF THIS, A BILLIONAIRE PLEASURE CRUISE TO SPACE, REALLY APT, gtgt IT’S A LITTLE BIT OF APPLES And ORANGES., BECAUSE THE COLD WAR SPACE RACE WAS REFLECTING NATIONAL GOALS., IT WAS TAXPAYER FUNDED.. This IS THESE ARE PURELY COMMERCIAL VENTURES. They ARE IN IT FOR THE MONEY THEY WANT TO MAKE MONEY.. Remember. Both COMPANIES ARE PLANNING TO LAUNCH A REAL ASTRONAUTS LIKE NASA CAN BUY SEATS TO GIVE ASTRONAUTS EXPERIMENTS.. They ARE ALSO LAUNCHING OTHER PAYLOADS. THEY CHARGE FOR THAT.

. So THERE WILL BE BENEFITS DOWN THE ROAD AND, OF COURSE, JUST THE TECHNOLOGY. DEVELOPING THE ABILITY TO GET LOW COST. Reusable SPACECRAFT UP AND DOWN REPEATEDLY IS SOMETHING THAT MAY IN THE AND FILTER OUT OF THE GENERAL ECONOMY. BUT IT’S A FOR PROFIT OPERATION. So YOU GOT TO KEEP THAT IN PERSPECTIVE. When YOU COMPARE THAT WITH WHAT THE GOVERNMENT DID BACK IN THE 60s AND 70s. gtgt, I WAS EVEN THINKING EARLIER TODAY ABOUT WHEN COMMERCIAL AVIATION JUST BEING ABLE TO TRAVEL IN AN AIRPLANE FROM ONE POINT TO ANOTHER. Initially, THAT WAS ONLY FOR THE UPPER ECHELONS OF SOCIETY., AND NOW ALL OF US ARE ABLE TO BOARD AN AIRPLANE., SO MAYBE IN THE FUTURE, THAT WILL BE OUR POSSIBILITY AT LEAST.. On THAT NOTE, SEVERAL PEOPLE HAVE COMMITTED MILLIONS OF DOLLARS FOR THE PRIVILEGE OF TRAVELING TO SPACE. BUT I’M WONDERING DO YOU THINK THAT THERE’S A TIME THAT THESE TRIPS MIGHT BECOME MORE ACCESSIBLE REALLY, WHAT I WANT TO KNOW IS: CAN I HOPE TO GET TO TRAVEL TO Space OR IS IS REALLY SOMETHING FOR MY KIDS OR FUTURE GRANDKIDS gtgt THAT’S, A GOOD QUESTION.. I DON’T HAVE A SIMPLE ANSWER TO IT.. These INITIAL FLIGHTS ARE VERY EXPENSIVE.. We ARE TALKING SOMEWHERE BETWEEN 250 THOUSAND DOLLARS AND 500000 A SEAT TO DO. This. THAT’S ALWAYS AGREE TO RESTRICT THIS TO VERY WEALTHY PASSENGERS SPACE TOURISTS. If YOU WILL AND GOVERNMENT AGENCIES THAT ARE BUYING SPACES ON THE CROSS., IF THEY CAN LAUNCH ENOUGH MISSIONS, THEY CAN BRING THE COST DOWN.

. Can THEY BRING IT DOWN TO WHERE IT COSTS AS MUCH AS A WORLD OCEAN CRUISE WHERE THEY COULD TAKE ADVANTAGE OF IT? I THINK THAT’S YEARS AWAY. THAT’S THE GOAL, BUT THEY ALSO SAY THAT THEY COULD DRIVE THEIR BUSINESS BACK DOWN. AND THAT’S ALL TBD.. So I THINK, ADDITIONALLY, AND FOR SEVERAL YEARS, IS GOING TO BE A RICH PERSON’S GAME., BUT IF ALL GOES WELL, THEY UP TO GET THE COST DOWN WHERE MORE PEOPLE CAN AFFORD TO FLY. gtgt, I FEEL LIKE WE SHOULDN’T LEAVE ELON MUSK ENTIRELY. Out OF THIS WHOLE CONVERSATION., SO LET’S BRING IN SPACE EX. BECAUSE THEY ANNOUNCED THAT THEY ARE GOING TO BE LAUNCHING AN ALL BILLION MISSION BY THE END OF THE YEAR.. Although HE HASN ANNOUNCED ANY IMMEDIATE PLANS TO TRAVEL HIMSELF., HOW DOES HIS INVOLVEMENT IN SPACE TRAVEL DIFFER FROM BRANSON THEM? Bezos gtgt BRANSON IS PURELY SUPPORTABLE.. He DOESN’T GO INTO SPACE. It ISN’T, DESIGNED TO GO INTO ORBIT AND BEYOND. IT’S STRICTLY UP AND DOWN.. So IS THE NEW SHEPHERD BEING BUILT BY BLUE ORIGIN. ONE PLACE WHERE MR. MUSK AND MR. BEZOS ARE COMPETING IS ORBITAL. Flight. BEZOS IS ALSO BUILDING THOSE ROCKETS. IT HASN’T FLOWN YET BUT IT’S GOING TO IN THE NEXT YEAR OR SO, AND SO THEN THEY WILL BE COMPETING HEAD TO HEAD.. So BRANSON IS NOT REALLY PART OF THAT. AND MR. MUSK IS NOT EATING IN THAT SUBORBITAL ARENA.. He IS STRICTLY EARTH ORBIT AND DEEP SPACE. The MOON AND ON TO MARS.

https://www.youtube.com/watch?v=3wgLh5UiLJ0