As the private space industry comes of age, industry insiders say the U.S. government is stifling private money investment. Here, we report on the mood at the Space Business Forum in New York City.
By Joe Pappalardo
Published on: June 4, 2009
The future of space could soon belong to private companies—the soon-to-be retired space shuttle is being replaced by private launchers, space tourists are snapping pictures from the International Space Station, global positioning systems are ubiquitous, and entrepreneurs are building suborbital craft destined for use by paying customers. But the mood at the Space Business Forum, an annual gathering of investors and space geeks held in New York City, was impatience to get the feds out of the way so the private sector can attract investments and grow quicker. "I'd say the role of government [in the space industry] is too high," says Heidi Wood, the senior equity analyst for aerospace for Morgan Stanley. "There are far too many hands on it."
For the rest of the story:
Private Space, Government and NASA - Space Business Forum in New York City - Popular Mechanics
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
