imagine waking up in the middle of the night realizing that the thing you’ve
night realizing that the thing you’ve
night realizing that the thing you’ve been working on for 15 years doesn’t
been working on for 15 years doesn’t
been working on for 15 years doesn’t even exist panic right pinch yourself to
even exist panic right pinch yourself to
even exist panic right pinch yourself to make sure you’re not dreaming well this
make sure you’re not dreaming well this
make sure you’re not dreaming well this happened to me see this whole time my
happened to me see this whole time my
happened to me see this whole time my only claim to fame was getting
only claim to fame was getting
only claim to fame was getting introduced at events as a space industry
introduced at events as a space industry
introduced at events as a space industry expert and now I know that the space
expert and now I know that the space
expert and now I know that the space industry it isn’t even a thing
industry it isn’t even a thing
industry it isn’t even a thing let me explain my passion and focus my
let me explain my passion and focus my
let me explain my passion and focus my whole life has been the space industry I
whole life has been the space industry I
whole life has been the space industry I wanted to be an astronaut as a kid I
wanted to be an astronaut as a kid I
wanted to be an astronaut as a kid I went to school study that aerospace
went to school study that aerospace
went to school study that aerospace engineering I worked on space industry
engineering I worked on space industry
engineering I worked on space industry projects and space industry companies
projects and space industry companies
projects and space industry companies now 15 years ago if you told someone you
now 15 years ago if you told someone you
now 15 years ago if you told someone you worked in the space industry it was
worked in the space industry it was
worked in the space industry it was pretty easy to know what you were
pretty easy to know what you were
pretty easy to know what you were talking about there wasn’t that much
talking about there wasn’t that much
talking about there wasn’t that much going on there was three things you’re
going on there was three things you’re
going on there was three things you’re either building satellites launching
either building satellites launching
either building satellites launching rockets or working for NASA that’s it so
rockets or working for NASA that’s it so
rockets or working for NASA that’s it so for me I landed the job at Boeing
for me I landed the job at Boeing
for me I landed the job at Boeing building commercial communication
building commercial communication
building commercial communication satellites but after a few years the
satellites but after a few years the
satellites but after a few years the space industry started to change a
space industry started to change a
space industry started to change a billionaire named Dennis Tito paid 20
billionaire named Dennis Tito paid 20
billionaire named Dennis Tito paid 20 million dollars for his own private trip
million dollars for his own private trip
million dollars for his own private trip to the space station Scaled Composites a
to the space station Scaled Composites a
to the space station Scaled Composites a company in the Mojave Desert built
company in the Mojave Desert built
company in the Mojave Desert built spaceship one and became the first non
spaceship one and became the first non
spaceship one and became the first non government-funded team to build a
government-funded team to build a
government-funded team to build a vehicle capable of taking a person into
vehicle capable of taking a person into
vehicle capable of taking a person into space companies like SpaceX and Blue
space companies like SpaceX and Blue
space companies like SpaceX and Blue Origin and others got started and what
Origin and others got started and what
Origin and others got started and what became a new wave of commercial space
became a new wave of commercial space
became a new wave of commercial space activity now about this time I had a
activity now about this time I had a
activity now about this time I had a hunch that the space in is she was going
hunch that the space in is she was going
hunch that the space in is she was going to need more people who understood how
to need more people who understood how
to need more people who understood how to build and operate businesses so I
to build and operate businesses so I
to build and operate businesses so I left my engineering career behind and
left my engineering career behind and
left my engineering career behind and went off to business school to get a MBA
went off to business school to get a MBA
went off to business school to get a MBA I told the admission folks that I wanted
I told the admission folks that I wanted
I told the admission folks that I wanted to be an astronaut
while I was in business school I saw
while I was in business school I saw more and more companies getting started
more and more companies getting started
more and more companies getting started in space and also started to see
in space and also started to see
in space and also started to see investors who wanted to put money into
investors who wanted to put money into
investors who wanted to put money into space companies they had a real hard
space companies they had a real hard
space companies they had a real hard time finding each other though so I
time finding each other though so I
time finding each other though so I started a company called space angels
started a company called space angels
started a company called space angels whose job was to help investors find the
whose job was to help investors find the
whose job was to help investors find the best startups in the space industry and
best startups in the space industry and
best startups in the space industry and since then it’s about 2006 there have
since then it’s about 2006 there have
since then it’s about 2006 there have been 200 space startups that have raised
been 200 space startups that have raised
been 200 space startups that have raised money from outside investors now that’s
money from outside investors now that’s
money from outside investors now that’s a lot of companies in a short period of
a lot of companies in a short period of
a lot of companies in a short period of time
time
time so what drove that growth there are
so what drove that growth there are
so what drove that growth there are primarily two things that caused this
primarily two things that caused this
primarily two things that caused this new wave of commercial space growth
new wave of commercial space growth
new wave of commercial space growth first is that the cost of getting stuff
first is that the cost of getting stuff
first is that the cost of getting stuff into space came down it still was really
into space came down it still was really
into space came down it still was really expensive but it started to come down a
expensive but it started to come down a
expensive but it started to come down a little bit started heading in the right
little bit started heading in the right
little bit started heading in the right direction but second there was a
direction but second there was a
direction but second there was a revolution in satellite technology see
revolution in satellite technology see
revolution in satellite technology see back in the NASA era of space
back in the NASA era of space
back in the NASA era of space exploration everything that went into
exploration everything that went into
exploration everything that went into space was big really expensive because
space was big really expensive because
space was big really expensive because it had to be super reliable you know
it had to be super reliable you know
it had to be super reliable you know there’s a saying you’ve probably heard
there’s a saying you’ve probably heard
there’s a saying you’ve probably heard it failure is not an option right well
it failure is not an option right well
it failure is not an option right well those of us who actually build
those of us who actually build
those of us who actually build spacecraft have a different saying it’s
spacecraft have a different saying it’s
spacecraft have a different saying it’s one failure is not an option success
one failure is not an option success
one failure is not an option success gets really expensive and this bore
gets really expensive and this bore
gets really expensive and this bore itself out throughout the whole space
itself out throughout the whole space
itself out throughout the whole space industry everything going to space was
industry everything going to space was
industry everything going to space was big and expensive this is what
big and expensive this is what
big and expensive this is what satellites looked like they’re the size
satellites looked like they’re the size
satellites looked like they’re the size of school buses this one had a mass of
of school buses this one had a mass of
of school buses this one had a mass of 5,000 kilograms it cost 500 million
5,000 kilograms it cost 500 million
5,000 kilograms it cost 500 million dollars to design and build and then
dollars to design and build and then
dollars to design and build and then another 70 million dollars to launch
another 70 million dollars to launch
another 70 million dollars to launch into space on its own dedicated rocket
into space on its own dedicated rocket
into space on its own dedicated rocket now with numbers like that and that many
now with numbers like that and that many
now with numbers like that and that many dollar signs it’s hard for entrepreneurs
dollar signs it’s hard for entrepreneurs
dollar signs it’s hard for entrepreneurs really to do anything so the space
really to do anything so the space
really to do anything so the space industry was just governments and really
industry was just governments and really
industry was just governments and really big companies but here’s what happened
big companies but here’s what happened
big companies but here’s what happened entrepreneurs some funded by space
entrepreneurs some funded by space
entrepreneurs some funded by space angels looked at this but they didn’t
angels looked at this but they didn’t
angels looked at this but they didn’t see a foam they saw a satellite now
see a foam they saw a satellite now
see a foam they saw a satellite now think about this smartphone has
think about this smartphone has
think about this smartphone has everything you need in a satellite it’s
everything you need in a satellite it’s
everything you need in a satellite it’s got a computer
got a computer
got a computer it’s got data storage dead batteries
it’s got data storage dead batteries
it’s got data storage dead batteries communication system could send radio
communication system could send radio
communication system could send radio signals sensors like cameras it even has
signals sensors like cameras it even has
signals sensors like cameras it even has accelerometers and it was exactly which
accelerometers and it was exactly which
accelerometers and it was exactly which direction is pointing in you practically
direction is pointing in you practically
direction is pointing in you practically is a satellite so people started
is a satellite so people started
is a satellite so people started thinking about
thinking about
thinking about differently some people even sent
differently some people even sent
differently some people even sent cellphones into space and we started
cellphones into space and we started
cellphones into space and we started taking taking advantage of these new
taking taking advantage of these new
taking taking advantage of these new commercial electronics and building
commercial electronics and building
commercial electronics and building satellites in a different way and now
satellites in a different way and now
satellites in a different way and now today satellites look more like this
today satellites look more like this
today satellites look more like this they weigh just a couple of kilograms
they weigh just a couple of kilograms
they weigh just a couple of kilograms cost less than a hundred thousand
cost less than a hundred thousand
cost less than a hundred thousand dollars to build and only two hundred
dollars to build and only two hundred
dollars to build and only two hundred thousand dollars to launch into space
thousand dollars to launch into space
thousand dollars to launch into space because you could fit dozens if not
because you could fit dozens if not
because you could fit dozens if not hundreds of them on the same same rocket
hundreds of them on the same same rocket
hundreds of them on the same same rocket so I had a front-row seat for this
so I had a front-row seat for this
so I had a front-row seat for this satellite technology revolution I got to
satellite technology revolution I got to
satellite technology revolution I got to see you know firsthand what these two
see you know firsthand what these two
see you know firsthand what these two different types of satellites look like
different types of satellites look like
different types of satellites look like but think about it the cost of a
but think about it the cost of a
but think about it the cost of a spacecraft went down by ten thousand
spacecraft went down by ten thousand
spacecraft went down by ten thousand times it’s it’s it’s truly a revolution
times it’s it’s it’s truly a revolution
times it’s it’s it’s truly a revolution and it unleashed a wave of
and it unleashed a wave of
and it unleashed a wave of entrepreneurship in the space industry
entrepreneurship in the space industry
entrepreneurship in the space industry that has kept going space angels has
that has kept going space angels has
that has kept going space angels has invested in dozens of space companies
invested in dozens of space companies
invested in dozens of space companies taking advantage of this technology and
taking advantage of this technology and
taking advantage of this technology and I have the privilege of working for one
I have the privilege of working for one
I have the privilege of working for one of them today it’s called planetary
of them today it’s called planetary
of them today it’s called planetary resources and our vision is to create
resources and our vision is to create
resources and our vision is to create the capability to mine asteroids for
the capability to mine asteroids for
the capability to mine asteroids for valuable resources so it sounds great
valuable resources so it sounds great
valuable resources so it sounds great right so my passion my work are aligned
right so my passion my work are aligned
right so my passion my work are aligned completely getting to work in the space
completely getting to work in the space
completely getting to work in the space industry doing what I love the industry
industry doing what I love the industry
industry doing what I love the industry is doing well and growing everything’s
is doing well and growing everything’s
is doing well and growing everything’s very exciting you know living the dream
very exciting you know living the dream
very exciting you know living the dream not so fast though I was talking to a
not so fast though I was talking to a
not so fast though I was talking to a friend recently about the types of
friend recently about the types of
friend recently about the types of companies that space angels invests in
companies that space angels invests in
companies that space angels invests in and she asked me a question and the
and she asked me a question and the
and she asked me a question and the question was how do you know if a
question was how do you know if a
question was how do you know if a company is a space company so it seems
company is a space company so it seems
company is a space company so it seems like a simple question right but let me
like a simple question right but let me
like a simple question right but let me tell you this is the type of question
tell you this is the type of question
tell you this is the type of question that wakes you up in the middle of the
that wakes you up in the middle of the
that wakes you up in the middle of the night and makes you question everything
night and makes you question everything
night and makes you question everything you’re doing I’d rethink everything
you’re doing I’d rethink everything
you’re doing I’d rethink everything because there wasn’t an easy answer
because there wasn’t an easy answer
because there wasn’t an easy answer there’s so many different types of
there’s so many different types of
there’s so many different types of companies doing different things in
companies doing different things in
companies doing different things in space it’s hard to find something that
space it’s hard to find something that
space it’s hard to find something that tie it ties them all together and that
tie it ties them all together and that
tie it ties them all together and that made me realize two things first I’m not
made me realize two things first I’m not
made me realize two things first I’m not a space industry expert and second it’s
a space industry expert and second it’s
a space industry expert and second it’s because space isn’t an industry space is
because space isn’t an industry space is
because space isn’t an industry space is a place not an industry of course right
a place not an industry of course right
a place not an industry of course right there in space is just a place you can
there in space is just a place you can
there in space is just a place you can do stuff
do stuff
do stuff it’s a place to do business so I thought
it’s a place to do business so I thought
it’s a place to do business so I thought well maybe that’s okay that space isn’t
well maybe that’s okay that space isn’t
well maybe that’s okay that space isn’t an industry because new industries
an industry because new industries
an industry because new industries actually are created all the time but
actually are created all the time but
actually are created all the time but how often is it that we find a new place
how often is it that we find a new place
how often is it that we find a new place to do things you know finding new places
to do things you know finding new places
to do things you know finding new places to do business sexually significant
to do business sexually significant
to do business sexually significant turning points in history and
turning points in history and
turning points in history and civilization let’s go back to the age of
civilization let’s go back to the age of
civilization let’s go back to the age of discovery North America right has ties
discovery North America right has ties
discovery North America right has ties between Europe and North America grew
between Europe and North America grew
between Europe and North America grew trade increased and new business
trade increased and new business
trade increased and new business opportunities arose but those business
opportunities arose but those business
opportunities arose but those business opportunities weren’t the North America
opportunities weren’t the North America
opportunities weren’t the North America industry that’s silly right they were in
industry that’s silly right they were in
industry that’s silly right they were in existing industries like logging and
existing industries like logging and
existing industries like logging and farming and shipbuilding and shoemaking
farming and shipbuilding and shoemaking
farming and shipbuilding and shoemaking industries that already existed not in
industries that already existed not in
industries that already existed not in North America North America was the
North America North America was the
North America North America was the platform for growth for these new for
platform for growth for these new for
platform for growth for these new for these new companies something captain
these new companies something captain
these new companies something captain more recently where we found a new place
more recently where we found a new place
more recently where we found a new place to do business you can consider the
to do business you can consider the
to do business you can consider the internet a new place to do business
internet a new place to do business
internet a new place to do business right here’s some Internet companies
right here’s some Internet companies
right here’s some Internet companies Amazon is Amazon in the internet
Amazon is Amazon in the internet
Amazon is Amazon in the internet industry
industry
industry not really it’s in the e-commerce cloud
not really it’s in the e-commerce cloud
not really it’s in the e-commerce cloud computing industry Expedia Airbnb not in
computing industry Expedia Airbnb not in
computing industry Expedia Airbnb not in the Internet industry they’re in the
the Internet industry they’re in the
the Internet industry they’re in the travel industry what about uber uber
travel industry what about uber uber
travel industry what about uber uber would never have existed if it weren’t
would never have existed if it weren’t
would never have existed if it weren’t for the internet but not an Internet
for the internet but not an Internet
for the internet but not an Internet company it’s a transportation company
company it’s a transportation company
company it’s a transportation company right you get it North America the
right you get it North America the
right you get it North America the Internet space they’re all places places
Internet space they’re all places places
Internet space they’re all places places to do business companies use these
to do business companies use these
to do business companies use these places as a platform and just like that
places as a platform and just like that
places as a platform and just like that space is just a place it’s a place to do
space is just a place it’s a place to do
space is just a place it’s a place to do business and even a lot of people who
business and even a lot of people who
business and even a lot of people who work at space companies like me still
work at space companies like me still
work at space companies like me still consider space to be its own standalone
consider space to be its own standalone
consider space to be its own standalone industry but I think that as space
industry but I think that as space
industry but I think that as space companies get bigger and more successful
companies get bigger and more successful
companies get bigger and more successful space starts looking less like its own
space starts looking less like its own
space starts looking less like its own industry and more like its own economy
industry and more like its own economy
industry and more like its own economy because places don’t have industries
because places don’t have industries
because places don’t have industries they have economies and the space
they have economies and the space
they have economies and the space economy is poised for significant growth
economy is poised for significant growth
economy is poised for significant growth but you don’t have to take my word for
but you don’t have to take my word for
but you don’t have to take my word for it there’s already two people you know
it there’s already two people you know
it there’s already two people you know well that are having an outside impact
well that are having an outside impact
well that are having an outside impact on the growth of the space economy Jeff
on the growth of the space economy Jeff
on the growth of the space economy Jeff Bezos and Elon Musk
Bezos and Elon Musk
Bezos and Elon Musk both are channeling billions of dollars
both are channeling billions of dollars
both are channeling billions of dollars of their own money and other people’s
of their own money and other people’s
of their own money and other people’s money into the space economy and both
money into the space economy and both
money into the space economy and both share a similar vision of the future of
share a similar vision of the future of
share a similar vision of the future of what that space economy will look
what that space economy will look
what that space economy will look like it’s a simple vision millions of
like it’s a simple vision millions of
like it’s a simple vision millions of people living and working in space
people living and working in space
people living and working in space millions of people living and working in
millions of people living and working in
millions of people living and working in space now Bezos and musk don’t agree on
space now Bezos and musk don’t agree on
space now Bezos and musk don’t agree on all the finer details like where those
all the finer details like where those
all the finer details like where those people are what they’re doing how they
people are what they’re doing how they
people are what they’re doing how they got there but pretty much everyone in
got there but pretty much everyone in
got there but pretty much everyone in the space economy today agrees with this
the space economy today agrees with this
the space economy today agrees with this vision is working to make it happen so
vision is working to make it happen so
vision is working to make it happen so will that look like millions of people
will that look like millions of people
will that look like millions of people living and working in space there’s
living and working in space there’s
living and working in space there’s about 3.7 million people living and
about 3.7 million people living and
about 3.7 million people living and working in the Seattle metropolitan area
working in the Seattle metropolitan area
working in the Seattle metropolitan area think about all the people and processes
think about all the people and processes
think about all the people and processes and systems that it takes to keep an
and systems that it takes to keep an
and systems that it takes to keep an operation like that running right now
operation like that running right now
operation like that running right now today there are six people living and
today there are six people living and
today there are six people living and working in space six it’s the crew of
working in space six it’s the crew of
working in space six it’s the crew of the International Space Station so I
the International Space Station so I
the International Space Station so I admit we’ve got some work ahead of us
admit we’ve got some work ahead of us
admit we’ve got some work ahead of us but what’s gonna cause the space economy
but what’s gonna cause the space economy
but what’s gonna cause the space economy to grow from six people to sixty to six
to grow from six people to sixty to six
to grow from six people to sixty to six hundred to six thousand six million it’s
hundred to six thousand six million it’s
hundred to six thousand six million it’s gonna be companies in the same
gonna be companies in the same
gonna be companies in the same industries that power our earth economy
industries that power our earth economy
industries that power our earth economy today just at the line looking to do
today just at the line looking to do
today just at the line looking to do business in space it’ll be energy
business in space it’ll be energy
business in space it’ll be energy companies looking to do business in
companies looking to do business in
companies looking to do business in space transportation companies looking
space transportation companies looking
space transportation companies looking to do business in space hospitality
to do business in space hospitality
to do business in space hospitality transportation extraction information
transportation extraction information
transportation extraction information construction mining companies looking to
construction mining companies looking to
construction mining companies looking to do business in space all looking up for
do business in space all looking up for
do business in space all looking up for the next growth opportunity
the next growth opportunity
the next growth opportunity let’s take energy energy is the largest
let’s take energy energy is the largest
let’s take energy energy is the largest industry on earth over a trillion
industry on earth over a trillion
industry on earth over a trillion dollars in revenue annually and growing
dollars in revenue annually and growing
dollars in revenue annually and growing every year
every year
every year humans are prolific energy consumers and
humans are prolific energy consumers and
humans are prolific energy consumers and that won’t change in space even a
that won’t change in space even a
that won’t change in space even a population of a few thousand people
population of a few thousand people
population of a few thousand people living and working in space will require
living and working in space will require
living and working in space will require an enormous amount of energy now some of
an enormous amount of energy now some of
an enormous amount of energy now some of that energy can come from the Sun using
that energy can come from the Sun using
that energy can come from the Sun using solar power but in order to move people
solar power but in order to move people
solar power but in order to move people and things around in space you need to
and things around in space you need to
and things around in space you need to use chemical rockets and Rockets need
use chemical rockets and Rockets need
use chemical rockets and Rockets need fuel in order to get that fuel we’re
fuel in order to get that fuel we’re
fuel in order to get that fuel we’re gonna have to source it on earth load it
gonna have to source it on earth load it
gonna have to source it on earth load it into rockets and launch it into space at
into rockets and launch it into space at
into rockets and launch it into space at over $10,000 per kilogram
over $10,000 per kilogram
over $10,000 per kilogram so that need for energy isn’t going to
so that need for energy isn’t going to
so that need for energy isn’t going to be satisfied it’s gonna be a significant
be satisfied it’s gonna be a significant
be satisfied it’s gonna be a significant hurdle for the growth of the space
hurdle for the growth of the space
hurdle for the growth of the space economy but there’s a better way to get
economy but there’s a better way to get
economy but there’s a better way to get the resources to fuel the space economy
the resources to fuel the space economy
the resources to fuel the space economy by mining them from space all the
by mining them from space all the
by mining them from space all the valuable resources on earth are valuable
valuable resources on earth are valuable
valuable resources on earth are valuable in nearly limitless quantities in space
in nearly limitless quantities in space
in nearly limitless quantities in space on asteroids and the moon and other
on asteroids and the moon and other
on asteroids and the moon and other celestial bodies Goldman Sachs earlier
celestial bodies Goldman Sachs earlier
celestial bodies Goldman Sachs earlier this year released a report that said
this year released a report that said
this year released a report that said asteroid mining was more realistic than
asteroid mining was more realistic than
asteroid mining was more realistic than perceived with cost comparable to
perceived with cost comparable to
perceived with cost comparable to traditional earth mines the government
traditional earth mines the government
traditional earth mines the government of Luxembourg believes so strongly in
of Luxembourg believes so strongly in
of Luxembourg believes so strongly in the future of space mining that they’ve
the future of space mining that they’ve
the future of space mining that they’ve invested 227 million dollars into their
invested 227 million dollars into their
invested 227 million dollars into their space resources initiative to make
space resources initiative to make
space resources initiative to make Luxembourg the center of the space
Luxembourg the center of the space
Luxembourg the center of the space mining industry and it’s working
mining industry and it’s working
mining industry and it’s working multiple companies both new and existing
multiple companies both new and existing
multiple companies both new and existing have moved to Luxembourg and set up shop
have moved to Luxembourg and set up shop
have moved to Luxembourg and set up shop there including Planetary Resources
there including Planetary Resources
there including Planetary Resources making Luxembourg one of the premier
making Luxembourg one of the premier
making Luxembourg one of the premier places on earth to do business in space
places on earth to do business in space
places on earth to do business in space now asteroid mining is not about going
now asteroid mining is not about going
now asteroid mining is not about going out and finding platinum and gold and
out and finding platinum and gold and
out and finding platinum and gold and precious metals and bring it back to
precious metals and bring it back to
precious metals and bring it back to earth
earth
earth that’s not what it’s about it’s about
that’s not what it’s about it’s about
that’s not what it’s about it’s about living off the land and our vision and
living off the land and our vision and
living off the land and our vision and the vision for space mining is about
the vision for space mining is about
the vision for space mining is about finding resources in space to use in
finding resources in space to use in
finding resources in space to use in space to fuel that space economy it’s a
space to fuel that space economy it’s a
space to fuel that space economy it’s a way to get resources that we don’t have
way to get resources that we don’t have
way to get resources that we don’t have to rely on stuff on earth being launched
to rely on stuff on earth being launched
to rely on stuff on earth being launched into space at great cost we can find
into space at great cost we can find
into space at great cost we can find what we need that’s that’s stuff that’s
what we need that’s that’s stuff that’s
what we need that’s that’s stuff that’s already outside the gravity of Earth and
already outside the gravity of Earth and
already outside the gravity of Earth and that’s why the first thing we’ll mine
that’s why the first thing we’ll mine
that’s why the first thing we’ll mine and the most valuable resource in space
and the most valuable resource in space
and the most valuable resource in space is water h2o you can take water and
is water h2o you can take water and
is water h2o you can take water and break it down into hydrogen and oxygen
break it down into hydrogen and oxygen
break it down into hydrogen and oxygen and then you’ve got rocket fuel hydrogen
and then you’ve got rocket fuel hydrogen
and then you’ve got rocket fuel hydrogen oxygen was used to launch all the space
oxygen was used to launch all the space
oxygen was used to launch all the space shuttle missions it’s the most
shuttle missions it’s the most
shuttle missions it’s the most chemically efficient rocket fuel and
chemically efficient rocket fuel and
chemically efficient rocket fuel and once we have a source of fuel outside of
once we have a source of fuel outside of
once we have a source of fuel outside of Earth’s gravity in space the space
Earth’s gravity in space the space
Earth’s gravity in space the space economy can grow really rapidly we can
economy can grow really rapidly we can
economy can grow really rapidly we can move things and goods around in space
move things and goods around in space
move things and goods around in space with relative ease and at low cost
with relative ease and at low cost
with relative ease and at low cost we’ll build stuff in space we’ll start
we’ll build stuff in space we’ll start
we’ll build stuff in space we’ll start building infrastructure in space the
building infrastructure in space the
building infrastructure in space the construction industry actually rivals in
construction industry actually rivals in
construction industry actually rivals in energy industry for the largest on earth
energy industry for the largest on earth
energy industry for the largest on earth and that rivalry will continue in space
and that rivalry will continue in space
and that rivalry will continue in space but at first in order to build stuff in
but at first in order to build stuff in
but at first in order to build stuff in space we’ll have to get stuff on earth
space we’ll have to get stuff on earth
space we’ll have to get stuff on earth launch it up into space until or unless
launch it up into space until or unless
launch it up into space until or unless we can find a source of building
we can find a source of building
we can find a source of building materials in space
materials in space
materials in space well asteroids come to the rescue again
what’s next as will send 3d printers to
what’s next as will send 3d printers to metallic asteroids and start printing
metallic asteroids and start printing
metallic asteroids and start printing out space stations it sounds far-fetched
out space stations it sounds far-fetched
out space stations it sounds far-fetched right well what if I told you that
right well what if I told you that
right well what if I told you that planetary Resources has already proven
planetary Resources has already proven
planetary Resources has already proven in a lab that you can take a metallic
in a lab that you can take a metallic
in a lab that you can take a metallic meteorite grind it up put it into a
meteorite grind it up put it into a
meteorite grind it up put it into a commercial 3d printer and print out
commercial 3d printer and print out
commercial 3d printer and print out structural components it’s already been
structural components it’s already been
structural components it’s already been done so as you can see our preconception
done so as you can see our preconception
done so as you can see our preconception about our economy it can’t be limited to
about our economy it can’t be limited to
about our economy it can’t be limited to just what we can do and dig up from here
just what we can do and dig up from here
just what we can do and dig up from here on earth it’s got to include the whole
on earth it’s got to include the whole
on earth it’s got to include the whole solar system and it will so think about
solar system and it will so think about
solar system and it will so think about how your life will change when that
how your life will change when that
how your life will change when that happens I believe that the lives of
happens I believe that the lives of
happens I believe that the lives of everyone in this room really everyone on
everyone in this room really everyone on
everyone in this room really everyone on the planet will be affected for the
the planet will be affected for the
the planet will be affected for the better by our global infrastructure and
better by our global infrastructure and
better by our global infrastructure and economy expanding into space remember
economy expanding into space remember
economy expanding into space remember the vision millions of people living and
the vision millions of people living and
the vision millions of people living and working in space millions will build
working in space millions will build
working in space millions will build self-contained societies you know so far
self-contained societies you know so far
self-contained societies you know so far as of today only 536 people have ever
as of today only 536 people have ever
as of today only 536 people have ever been to space everyone else and the
been to space everyone else and the
been to space everyone else and the whole history of humanity has lived
whole history of humanity has lived
whole history of humanity has lived their entire lives with their feet
their entire lives with their feet
their entire lives with their feet firmly planted here on earth no I think
firmly planted here on earth no I think
firmly planted here on earth no I think that soon our children or grandchildren
that soon our children or grandchildren
that soon our children or grandchildren will live in a time when an entire human
will live in a time when an entire human
will live in a time when an entire human lifetime can be lived without ever
lifetime can be lived without ever
lifetime can be lived without ever setting foot on this one planet we call
setting foot on this one planet we call
setting foot on this one planet we call home and I think that’s a good thing you
home and I think that’s a good thing you
home and I think that’s a good thing you know people are affected positively by
know people are affected positively by
know people are affected positively by going to new places right think about
going to new places right think about
going to new places right think about travel you remember the first time you
travel you remember the first time you
travel you remember the first time you travel to a foreign country it changes
travel to a foreign country it changes
travel to a foreign country it changes your perspective a little bit
150 years ago well in space travel was
150 years ago well in space travel was still just science fiction
still just science fiction
still just science fiction Mark Twain talked about travel in a way
Mark Twain talked about travel in a way
Mark Twain talked about travel in a way that I think is relevant to this Twain
that I think is relevant to this Twain
that I think is relevant to this Twain said travel is fatal to prejudice
said travel is fatal to prejudice
said travel is fatal to prejudice bigotry and narrow mindedness broad
bigotry and narrow mindedness broad
bigotry and narrow mindedness broad holds some charitable views of men and
holds some charitable views of men and
holds some charitable views of men and things cannot be acquired by vegetating
things cannot be acquired by vegetating
things cannot be acquired by vegetating in one little corner of the earth all
in one little corner of the earth all
in one little corner of the earth all one’s lifetime now I completely agree
one’s lifetime now I completely agree
one’s lifetime now I completely agree with Twain on this next to space my
with Twain on this next to space my
with Twain on this next to space my other passion is international travel
other passion is international travel
other passion is international travel and my wife and I are really proud to
and my wife and I are really proud to
and my wife and I are really proud to have been able to travel together to 49
have been able to travel together to 49
have been able to travel together to 49 countries and every time we go to a new
countries and every time we go to a new
countries and every time we go to a new place it changes our perspective a
place it changes our perspective a
place it changes our perspective a little bit gives us little greater
little bit gives us little greater
little bit gives us little greater appreciation for what’s different and
appreciation for what’s different and
appreciation for what’s different and what’s the same no space it’s the
what’s the same no space it’s the
what’s the same no space it’s the ultimate place to travel to and
ultimate place to travel to and
ultimate place to travel to and something really special happens when
something really special happens when
something really special happens when people go to space and are able to see
people go to space and are able to see
people go to space and are able to see the earth from afar for the first time
the earth from afar for the first time
the earth from afar for the first time psychologists even have a term for it
psychologists even have a term for it
psychologists even have a term for it it’s called the overview effect and it’s
it’s called the overview effect and it’s
it’s called the overview effect and it’s what astronauts describe when they go
what astronauts describe when they go
what astronauts describe when they go into space for the first time and see
into space for the first time and see
into space for the first time and see the earth in its entirety they have an
the earth in its entirety they have an
the earth in its entirety they have an epiphany a rush of emotions seeing this
epiphany a rush of emotions seeing this
epiphany a rush of emotions seeing this small planet in the vast darkness of
small planet in the vast darkness of
small planet in the vast darkness of space Apollo astronaut Edgar Mitchell he
space Apollo astronaut Edgar Mitchell he
space Apollo astronaut Edgar Mitchell he was the sixth person to walk on the moon
was the sixth person to walk on the moon
was the sixth person to walk on the moon he said something that I hope is true
he said something that I hope is true
he said something that I hope is true and that gives me great hope for what
and that gives me great hope for what
and that gives me great hope for what the space economy and space can do for
the space economy and space can do for
the space economy and space can do for all of us
all of us
all of us Mitchell said about looking at the Earth
Mitchell said about looking at the Earth
Mitchell said about looking at the Earth from space you develop an instant global
from space you develop an instant global
from space you develop an instant global consciousness a people orientation an
consciousness a people orientation an
consciousness a people orientation an intense dissatisfaction with the state
intense dissatisfaction with the state
intense dissatisfaction with the state of the world and a compulsion to do
of the world and a compulsion to do
of the world and a compulsion to do something about it now I look forward to
something about it now I look forward to
something about it now I look forward to living in a world where millions of
living in a world where millions of
living in a world where millions of people have been to that place thank you
people have been to that place thank you
people have been to that place thank you you
you
you [Applause]
”
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