
Business Daily
The new space race
Sep 23, 2024
Cady Coleman, a former astronaut and expert in space exploration, shares her insights on the booming commercial space sector. She discusses the fierce competition between companies like Boeing, SpaceX, and Blue Origin, highlighting Boeing's struggles with its Starliner spacecraft. The conversation delves into the exciting prospects of lunar and Martian missions and the growing collaboration between astronauts and private firms. Coleman also touches on how films shape public interest in space, inspiring future generations to dream big.
17:29
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Quick takeaways
- Boeing's ongoing technical challenges with the Starliner, resulting in significant financial losses, highlight the intense competition in the private space sector.
- The growing involvement of private companies in space exploration, led by figures like Musk and Bezos, is reshaping the industry's investment landscape and fostering innovation.
Deep dives
Boeing's Setback with Starliner
Boeing faces significant challenges due to technical malfunctions that have stranded two astronauts on the International Space Station (ISS) for months. Initially intended to last only eight days, the mission has been extended until February as NASA opted for a safe return via SpaceX's spacecraft instead of Boeing's Starliner. This decision highlights the intense competition within private space sector and puts Boeing in an embarrassing position, as it competes with SpaceX's successful and established trajectory in commercial space travel. The company's ongoing troubles with the Starliner, which has incurred over a billion dollars in losses, raise concerns about its reputation and future viability in the commercial space market.
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