♪ romaine: from bloomberg world headquarters in new york, i'm romaine bostick. taylor: i'm taylor riggs. katie: and i'm katie greifeld. caroline hyde is off today. taylor: for the dow and the s&p, the best week going back since february. all of this coming on a big cpi date, 6.6%. higher inflation means your real wages, romaine, you just lost 2%.

romaine: some people thinking as to what the fed response is going to be here. taylor, you talk about going to the moon with regards to the meme stocks. we are going to the moon and beyond. over the next 30 minutes, we will talk about space. blue origin scheduled for another launch tomorrow. we will go to infinity and beyond by digging into the money of this booming space industry. companies are raising money by going public and taking celebrities. future plans include visiting places like mars, which could be big, katie. we will start with tomorrow's launch. taylor: the billionaire space race is back on. this launch was supposed to be earlier this week, but now we are going to see the launch of that ns 19 flight tomorrow. blue origin says whether it was the only factor -- whether was

the only factor negating this launch, but it is good to go. romaine: let's talk more about this. we want to bring in justin bachman. commercial space did not seem to be much of a thing, at least outside of the military here a few years ago. it's moving closer to becoming a tourism business. you have to be a celebrity to get on one of these things, but i assume at some point, you and i will be able to go up, right? justin: that's the idea, you start with high costs and people who can afford it, but over time, those will drop. they always point to the airline industry and the fact that in the 1930's, most people could not an airline ticket back then, but costs decrease and it becomes a much more successful mode of transport. we will see if it goes that route. the track record suggests that it could. much, much less than the

$450,000 that virgin galactic is charging. taylor: you have virgin galactic, blue origin, spacex, a few players in the game. are we at the point where we are thinking about market differentiation? justin: i think the companies definitely are. the average consumer is probably not too aware of what the distances are and what orbital is versus suborbital flight and all that. the companies are definitely talking about what is the customer experience, what happens in the experience before your flight. go out to the facility in west texas, or new mexico with virgin galactic. and there is an experience. you bring friends, family, there is a lot of ancillary revenue opportunities that companies are talking about. over time, we will see a lot more of that type of upsell in and the whole experience. it's not just the spaceflight,

which is pretty short. katie: i won't even get on a boat. in any case, i want to talk about who's going into space. we have an nfl star, former new york giants player, and a daughter of a space pioneer. were these people invited on board or did they pay money for these experiences? justin: it's interesting that you bring that up. those two did not pay. i am pretty sure they were invited. you have a celebrity, william shatner was invited, and you have people with resources who do pay, nobody is disclosing what these prices are and whether you want to customize for the person who is flying and what they can afford, how that works out, but the investors, people with money are paying. it's an interesting business model and you think over time,

they probably migrate away from the complementary rides to everybody who flies is going to pay. romaine: would you go up in space if invited? justin: at this point, probably not. i've got three kids. taylor: i get it. romaine: i may not come back. i want to one-way ticket. [laughter] justin: no one really wants a one-way ticket. romaine: i am kind of tired of earth. justin: it is not really an airplane ride, but someday we could see that. taylor: justin and katie stay on earth, romaine and i are going to space. she's an aerospace engineer. she nods her head. let's get right to her. as we think about the investing world of it, a dozen space companies launch spac deals this year.

our next guest is an expert on investing in that frontier technology. would you go to space? >> heck yeah. absolutely. i imagine a future where we all travel to space with the frequency in which we currently travel in an aircraft. we don't have to if we don't want to, you don't have to go on boats or go to space, but i absolutely do. saturday, the blue launch, it's one step closer to that future. but it's important that this is many steps this year. this is the third launch, virgin galactic had a flight to which richard branson and spacex, which has launched four astronaut missions had its first commercial crew mission here as

well, all since july. romaine: and a lift off scheduled for vanhorn, texas tomorrow morning. it will be the first full manifest, as they say, with six passengers on board. when you talk about the commercial liability, the idea that companies can make money off of this year, does this become something that is niche in the sense that you have to pay several hundred thousand dollars to do it, or does it come down to a level where folks like you and me will sometimes find a way to make a trip up, and this is a business model that can be sustained? >> with time, i hope this is something that's able for all of us to go to. but space tourism is a small segment of the overall global space economy. space tourism accounts for $1 billion of a 350 billion dollars global space economy. $260 billion of that is

satellites, manufacturing them, launching them, and satellites we use in our everyday lives. whether that's listening to the radio, watching bloomberg on our satellite televisions, or navigating via gps. in the near term future, i hope we will add getting our internet from space. star link via amazon's keifer and a handful of other companies that are working towards that. and the longer-term future, going to space ourselves. >> i want to talk about that, the thought that one day, space travel will be as common as airplane travel. you look into the future, what kind of timeline do you think it will take to get to that point? >> nasa is working on landing the first woman on the surface of the moon. private companies are working on mining asteroids for precious metals. manufacturing and space. pharmaceutical testing in space. benefiting from lack of gravity

and the near term future, getting our internet from space. now, i do imagine in the further term future, i can think we would add traveling to space our self on that list. we would recognize all of the technology that we use on earth, saving lives every day as a result of space exploration. mri and ct scanning technology. implantable heart monitors. water purification systems. these are i surgery. robotics. the list is endless and space, going to end sustaining life on another planet, going back to the moon, going beyond, there will be many more incredibly important technologies being added to that list. taylor: what are some of those technologies when youth about investments on that frontier? what do they look like? >> why don't we use a handful of these space spac's you mentioned? this year was the year of space spac's. there were about a dozen space

companies that went public via spac, which stands for special purpose acquisition company. it's amazing, what all these companies have achieved to date with venture funding from venture capitalists like myself, and i am excited with what they will continue to do now being public. i will use three examples -- rocket lab, planet, and inspire. rocket lab has deployed over 100 satellites in space. now that it is public, it will continue to lower the barrier of entry into space with faster and cheaper rockets as well as building a larger rocket. an eight ton rocket that will be able to deploy even larger satellites and eventually people to space. second, planet, which went public on wednesday on the new york stock exchange, it has launched satellites in space to take photos of the earth. it will continue to take these photos for disaster prevention, for wildfire prevention, for

mining and agriculture. it also has satellites for ship and plane tracking as well. romaine: really interesting stuff, tess hatch helping us kick off this discussion, partner at bessemer ventures. she talked about a lot of satellites around the earth, but there is a lot of ambition to get to mars. scientists from around the globe are imagining how the red planet and the settlers on the red planet might live. we will talk with some of the big minds working on those plans, next. but up next come here what richard branson said about the cost of space travel coming down. >> we have a lot of people who have signed up to go to this world where we are developing over the last 80 years. but the team are now ratcheting up building more spaceships.

once we have a number of spaceships and those people who can afford to pay a little bit more have paid it and gone to space, then we will be able to bring the price down. my grandchildren will be able to afford to go to space, even if they weren't my grandchildren. ♪

taylor: can you imagine life on mars in 2023? this is a tweet from elon musk, showing his optimism for a future on mars. let's bring in someone who is pretty optimistic about the red planet, alfredo munoz.

one of the group of architects and astrophysicists that are building a science based metaverse on mars. we are figuring out what the metaverse is here on earth, let alone the metaverse on mars. what does that mean to you? >> what we are putting together is called the future verse, building and the digital environment something we expect to be built in the future. having the community that is going to be experiencing this, giving the feedback to continue to improve that digital environment so we are ready for the near future. romaine: i guess, how able are you to replicate what conditions could be like on mars and how hospitable or how much adapting we are going to have to do as human beings to make it hospitable for us to be there? >> at this moment, we are building a data version. we are replicating the physical

environment, but there is a lot of work. we have scientists working to be more accurate in that simulation. with the progress of virtual reality, which is the opportunity we are creating, is going to continue evolving and providing a more immersive experience that would seem to enable much better scenarios. taylor: elon musk -- katie: elon musk was asking the question, 2032. what's the timeline like? >> we are relying on -- to take us there. not only do we need to reach mars, but we need to not only by, but to try. it's not only science, but also

art, that plays a critical role. taylor: how do you replicate that? >> how do you replicate the physical environment? taylor: the emotional aspect you just described. how do you build that? >> it's about creating a sense of belonging, creating strong identity. that comes from where we think we are excited for space. we have to be ensuring that future martians are going to be safe. combining science and art, to simulate being on mars. but the context is different, which is where we see a difference in opportunity, to create everything from scratch. we are finding a lot of insights about things we could do that could improve climate

change, social inequality, and challenges we will face on earth and the next 50 years. romaine: let's hope we get it right on mars. what seems like a fantasy a few years ago is inching closer to reality. alfredo munoz. we want to bring in jason ballard. nasa teamed up with a bunch of architectural firms to figure out ways of -- how you build stuff, either thereon mars, or build the tier and get -- build it here and get it to mars. we are talking about 3d printing , and creating structures we can use on the martian planet, should we ever get there, or when we get there, i should say. how far away are rewrite now from knowing what structures we can use and what will hold up for the environment there? >> construction scale 3d

printing is maturing quite rapidly on earth. we have delivered dozens of permitted projects here on earth and how housing projects we will be building in the next 12 months, but we have also made a connection with the nasa program, not only with the artemis program, but with the johnson space center. you are seeing a project we did where we delivered a mars analog habitat that crews will live in for a year at a time to simulate the kind of environment robotically, using the materials found on the moon surface, or in this case, on mars' surface. if you need a thin metal lander or an inflatable habitat, those will probably be used in the process, but they will be much less resilient to micro-meteorites, the radiation environment, atmospheric

conditions. by using a resilient material like some kind of ceramic made robotically with the construction scale 3d printing are on mars, we can get something that is very robust and affordable, as opposed to flying everything they need with us. there is a -- is no reason why we can't do this on other worlds. katie: as you head into 2022, what is at the top of your priority list right now? >> the top of our priority list is to validate the technologies we are developing for construction on the moon and on mars in spacelike environments. we need to experiment more in vacuum, in the extreme thermal conditions, high temperatures, low temperatures. we need to do experiments, so it is time to start doing it on

earth. you will see robust building thing on the moon this decade -- robots building thing on the moon this decade. mars has more atmosphere and gravity. if we can do it on the moon, we can do it on mars. all the enthuse and we as -- enthusiasm of building homes on other worlds, i think we are going to do it. the technology is real and we are ready to do it. taylor: and you think nasa is the next step -- that's in the next decade? mars? >> it will only be a powerful of willpower. we have the talent, it will just be the will and resolve to do so. the technology, the engineering, the science is there. taylor: incredible. jason ballard, ceo of icon. stay with us. we are doing our final thoughts

next. ♪

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romaine: the third day launch of blue origin is coming up tomorrow morning in texas, 9:45 a.m. local time. we use that as an excuse to talk about going up to space. there is pajamas, a tv. michael strahan of good morning america -- guess they are getting down the ladder here. i think you should pay -- romaine:romaine: could you imagine the kind of story i do going up there? taylor: my biggest thought is that katie would not go to space. that is weird. katie: i thought we were all moving into the metaverse.

taylor: what about the metaverse on mars? romaine: i want to do this show again and talk about some of the philosophical issues. we got to this idea of, why are we spending all this time and money on space when there is a big problem here on earth. she got to the point of, there is a lot of science that is benefit on the ground. all of those issues, a lot of those, were developed by government funding through nasa and there are a lot of people that look at the current space race, which is primarily private companies, and they have a lot of questions, i guess. katie: it's a wash for the next decade, i guess. romaine: jason thinks it will happen sooner than that. katie greifeld, going into the metaverse this weekend.

that does it for "what'd you miss?" bloomberg technology with taylor riggs is coming up next. have a great weekend, everyone. you are watching bloomberg. ♪

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>> from the heart of where innovation, power, and money collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. taylor: this is "bloomberg technology." coming up, sales growth slowdown and high-level to partners, that is what salesforce is dealing with. we discuss why this is