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Bloomberg Wall Street Week - October 11th, 2024

Wall Street Week

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The New Frontier: Private Space Race

This chapter explores the transformation of space exploration from governmental dominance to a competitive market driven by private companies. Highlighting significant milestones such as Victor Vescovo's achievements with Blue Origin and the rise of SpaceX, it contrasts traditional inefficiencies of government programs with agile, cost-effective private initiatives. The discussion culminates in predictions for humanity's future as a multi-planetary species, emphasizing the need for continuous innovation and talent investment.

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