i think the this is boom, but no one does it show you can't afford to miss branch of boring washington coming up. we have a special show today on the recent advancement in space, exploration in an industry that was almost exclusive to governments. the private sector has picked up in recent years will go over who the big players are and what they helped to accomplish. and later the list of nations with their eyes set on the stars continues to grow. we'll talk about what the future holds with impact show today. so let's dive right in. and like nearly every industry, the space sector was hit hard by the cobra. 1900 pandemic with missions, years in the making having to be delayed. but with that being said,

the 2nd half of 2020, in the start of 2021, have been a pretty compelling time for the space industry. both from private companies and governments are to correspond it side passenger. join us now to discuss these recent exciting accomplishments. sir bran was going to space in 2020 did not go as planned. a few missions did had some significant new milestone. first, in july 2020, the united arab emirates launched a hope, which became the arab world, 1st the mission to another planet. now that mission will build a complete picture of mars's climate, and helping scientists better understand what mars was like when it's admiral fear, could have supported life now also in 2020 of july, their peers, severe ends rover was launched by naz on their mission to seek signs of ancient lived and collect samples of rock for possible return to earth. and july was

apparently a big month for space. the chinese tea on when one mission entered orbit around the red planet, making this try in a 2nd space mission. but the 1st that attempted without any international partners . now, all of those, the 3 missions reached martian or a bit in february of 2021. now the fast forward a few months to november of 2020 a crew dragon capsule carried 4 astronauts into space from the kennedy center in florida. now setting up on a 27 hour pursuit of the international space station on spaces ex, 1st operational crew, rotation flight to the or a bidding outpost. now this mission, also mark space x is 100 successful fly to orbit, but not all of space x as launches have been successful now the next part of the

prototype of 2020, named s and 8, took to the air for several minutes in december. before flipping around and eventually exploding upon landing. now while the prototype didn't stick to the landing, it did last through several areas. maneuvers now we've also had some pretty big milestones into 2021. now, earlier this year, brazilian earth observation satellite soar to sprayed aboard a indian rocket along with 18 passenger satellites from the u. s. and india. now this marks brazil's 1st independently designed build and operate a satellite. then we had another failure for space x the starship s and 10. a spacecraft touched down successfully after a haul high all to to test flight, a major milestone for the company and its crude mars ambitions. but the vehicle didn't manage a whole itself together. are exploding about 8 minutes after landing. lastly,

china's new along march 7, a rocket launched its 1st orbital mission after its 1st attempt one year ago. and then with a failure brent r t correspondence science avager. thank you so much. and what we use the term space race, most of us think back to the united states and the soviet union rushing for dominance in outer space. what we should now think of is the race between private companies attempting to be the 1st to offer space exploration to the public boom bus. co host, ben swan explains for britain, there are essentially 3 major private space companies that are competing in this arena. we're talking about of course, mosques, space x, jeff a. those is blue origin, and sir richard branson's, virgin galactic. the real question though, is just how far can these private space companies push each other as they compete?

well, let's start with what each of these companies is focused on right now. blue origin plans to deliver moon gravity style missions on space flights much closer to earth . starting in 2020 to the company plans to meet a long standing need to simulate lunar gravity. that would be $16.00 of the earth's for larger payloads. and for longer periods of time than the current options. now, our big setback for the company however, is it's new glenn rocket program. the launch date for its massive reusable rocket had been 2020. the company now admits that new gal and won't be launching until at least a 4th quarter of 2022. or let's move to virgin galactic. as of december of last year, the company landed a major contract with nasa. virgin galactic has been selected to provide regular access to flights for nasa payloads, as the space agency conducts more research and development and plans for future exploratory missions. but virgin galactic has also has some big setbacks to with spaceship to sub orbital vehicle. the company says it is delay in the next test by

the bad vehicle by more than 2 months to address technical issues. in addition, part of a revamped flight test program will postpone flights of space tourists until at least 2022. and then there is space x arguably the best known and so far, most successful private space company. in fact, just last week in the space x, falcon 9 rocket launched a new batch of 60 star link internet satellites into orbit early sunday. and then nailed its landing, etc, to top off a record setting mission, by the way, startling is a satellite based internet constellation intended to blanket our planet in high speed broadband. the goal of the project is to bring internet connectivity to the billions of people who still lack reliable internet access. the idea require swarms of satellites operating in low earth orbit to provide continuous coverage. but let's go back to space x, because nasa is also working with space x to launch a 2nd commercial cru rotation mission to the international space station. it didn't

streamline bit deal as nasa's space x crew to mission will carry astronauts are massa and the s a. the european space agency aboard a crew dragon spacecraft launch in the top of falcon 9 rocket on its way to the space station. the mission is scheduled to lift off no earlier than april 20th of 2021 at nasa. kennedy space center in florida. so all this raises the question, why is it nasa doing this themselves? so actually nasa is working with these companies, but also reaping the reward of allowing private companies to bring down the costs of space exploration by competing for nasa contracts that allows nasa to invest in other areas of space and utilize innovations that taxpayers are having to pay for this kind of investment is also good for companies that look to improve satellite service. in fact, as space companies embrace greater efficiency and more commercial applications, the global space industry will continue to grow and just a couple of numbers to keep in mind. here morgan stanley has that the global space

industry could actually produce revenues of one trillion. that's one trillion dollars by just the year 2040 right now. current estimates for global revenues, roughly $350000000000.00 for whom bust. i'm been sworn. let's dig deeper into the private space industry with boom bus, co host, christy i and aaron pagan, he's an adjunct professor of strategy and economics at depaul university with a focus in space commercialization. thank you both for being here now aaron, i want to start with you, and this is the most simple question. when we talk about the private space industry, what is the motive nation behind private space companies like space ex, blue origin, and virgin galactic? why are they doing all of this? well, private launch companies like through your mentioning and many others are just trying to lower the cost to space so that we can fully develop the earth based on me. lower transportation costs means it will be easier to develop oral infrastructure

that can eventually make space launch a primarily human transport industry rather than cargo and human. but i want to clarify, when i say eventually, i mean this is going to happen. it's gonna take a long time longer than 20 years, right. but we're constantly moving towards that goal. and the ultimate elevation is to enable other types of economic interactions off planet. and christy, when we talk about the big bucks involved here, we just heard been say that this is going to be a trillion dollar industry by 2040, according to morgan stanley. now, how exactly are these companies going to make this profitable? because i feel like so many on lookers see this says there's really a vanity project for some of the world wealthiest people. i said 2 things working for him, declining cars on the supply side, and increasing demand on the user side. so today has development of these reviews will rockets that are providing a turning point in the industry. so these are useful rockets are kind of like an elevator to low earth orbit and they're the key to access of lowering costs. so space basically shows the global marketplace with

a low cost and unprecedented launch rate of its falcon. 9 rockets where historically rockets that like satellites and other more password hon and the boosters for discard into the oceans after each lunch. so the lower cost, the space rocket has now created new opportunities for what you can launch. and there are also new competitors like blue origin who are creating this whole ecosystem of launch vehicle providers that are servicing lower end of the market, cheaper solution. so the reason rockets will help to drive the costs of launches down, as well as a mass production of satellites. currently, the cost to launch a satellite has declined to about 60000000 from 200000000. b 3 is the locket and there's a potential to drop as low as 500000 with economy to scale and last production. so now on the demand side, we have the entire space industry likely to impact a number of industries including aerospace and defense hardware and telecom services. so the most significant opportunity may come from satellite and broadband internet service and a foreign morgan stanley here the satellite broadband will represent about 50

percent of the projected growth of the global space economy. and launching the satellites will help to drive down the costs of data just in time when demand for high speed data and access and storage costs explodes. so there's going to be an increased demand for broad bandwidth from thomas cars i o. t devices, artificial intelligence, virtual reality, and of course more video streaming. and aaron, to christy's point, i apologize, i didn't prep you on this specifically, but when we talk about broadband, satellite internet specifically is space x best poise to make this profit early because they're, you know, getting started on their star link internet constellation. is that going to be a big boon for their, their bottom line to help them push this even further? absolutely, i mean, we're talking about trying to industries that are highly, that are commodities, right? like we're talking about transportation and communication technology, which are there's a lot of demand for that and having a vertical life industry that can one. you can get

a space really cheap on your own. then you know how to manage it. you manufactured us, those vehicles, the operation of it as well, and then you're operating these satellites and can manage your own schedule and really be in control of all that. which of a big issue of the launch industry is just making sure that we have enough launch capacity and space ex can control for that? so yeah, it puts them in a really good leading position by having access to this vertical ecosystem and air . and what's the future of private enterprise width space, exploration and commercialization is the handful of companies that we see in the space. it's currently just the tip of the iceberg. or are these the only people crazy it up to actually go for this? you know, to christy's point there's a lot of pent up demand for launch apache, so there are hundreds of startups looking to get into this game. 100 of launch starts, i should say. but, you know, what's eventually going to happen is we're going to see the consolidation to 3 or 4 major firms. you know, right now, as i said,

space launches are really vertical ised, vertically integrated industry with manufacturing operating. eventually we'll likely see the scenario where operation and manufacturing might become separate like airlines or railroads or oceanic shipping. right. but again, this is also going to happen in a lot of a very long time from now. at the moment, there are hundreds of firms engage in a whole host of product and service development that is not launch and will ultimate rely, rely on cheap, consistence and safe access to space. so with that in mind, there's plenty of room for more startups to try and meet that demand. and now kristi something we talk about on the show all the time. there's actually a lot of talk about how block chain technology can be used in space. in fact, j, p. morgan actually tested block chain payments in space. thing quote, nowhere is more decentralized and detached from the earth than space. tell us about the significance of this test and where the future holds for the technology in the space sector. yeah, this is

a very cool experiment and j. p. morgan has the block chain payments between satellite orbiting earth and basically the test ultimately show that block chain technology could power payment between every day objects autonomy lee. so by carrying out this experiment and space validated the approach towards a centralized network where communication with the earth is not even necessary. so, blocking network created between 2 satellites and token transfer without any sort of communication with the earth, which is basically the killing of what we've been saying, of doing a peer to peer transaction on earth. what we do with blocking with that work, without the use of any form of payment form or middleman like paper or so the idea is now to explore io t payments in a marketplace where satellites would send each other data in exchange for payment as more private companies launch their own devices into space, and we often hear the word a lot. we're physical devices are connected to one another, embedded with sensors or software that can share data. things like amazon echo or

google home smart fridgerator. and examples of these payments would be your smart fridge ordering and paying for milk or self driving car, paying for gas. and what we said earlier is that like canada could be the key to power unblocked, and you have companies like blocks stream the 1st to distribute bitcoin blocks and be a satellite or space chain which large to block chain enabled satellite payloads into orbit, which allow for transactions without ever touching the internet. so i think government and financial applications will be the 1st to a space block and other industries with more sensitive data and a lot of remote sites that need to get information from different sources. could also be a candidate. basically, it allows for companies to upload their data and bypass the existing terrestrial networks that we currently use to talk to data centers. and this will eliminate dependents on this infrastructure, which will remove a significant mobility for data breach boom bus. co host, christie, i and aaron tag, i can, we can talk about this all day. we'll have you both back to talk more about that in the near future. thank you both for your time. thank you. thank you and time now

for a quick break, but tang here because when we return, there was quite a time when just 2 countries dominated the space race. but now the list of nations with their eyes set on the stars continues to grow. ah, we're segregated all along my social class. most people don't know. so in, in poverty by 1st if you're born into a 4 family, you're born into a minority family. if you're born into a family that only has a single parent that really constrains your live chances, people die on average, 15 years old, born in the generational poverty. this is a fight every day to meet your needs and the needs of your family.

me the price of the staff are going up and people are mentioning this that the prices for energy, food, transportation are going up at a alarming rate. and the government is telling us that don't believe your eyes that, that some places and people are starting to question whether or not their governments might or might not be out of their mind. an entire village in alaska has had to move. if another country threaten the wipe out in america, we do everything in our part a project in what in a escaping climate change poses the same threat right now alaska has seen some of the fastest coastal erosion in the world. we lost about

3535 feet of ground in just about 3 months while we were measuring it is bad, and that means the river is $35.00 pounds, then learning was yours for. i think we're a part of america, the 3rd from america. and welcome back. as we mentioned earlier in the program, there was a time when aspirations in space were dominated by just 2 countries, the united states and russia. but today the list of countries with space programs continues to grow as the moon once again becomes a target of both lunar exploration and political competition. artie correspondent

john hardy has more for more than 2 decades. the international space station has really been a symbol of international cooperation with among others, russian cosmonaut working alongside american astronaut in orbital harmony. and while the cosmic cooperation continues aboard the i ss on the ground here on earth, well, it's a different story. there is a growing divide between governmental space programs vying for new technology satellite dominance and soon lunar exploration. russia and china had signed various agreements to begin working together on space projects, including setting up a scientific station on the moon, perhaps signaling the end of us and russian space relations. and the beginning of a new era of competition with china and russia over returning to the china plans to have more than 40 space launches this year alone, while constructing the country's 1st space station as

a main priority. but the u. s. certainly isn't going at it alone. the u. s. established what are called the art of miss accords. a series of bilateral agreements with other countries, space agencies, including australia, italy, japan, the u. k. and the united arab emirates, the european union, has pledge to pursue a more aggressive european space plan to prevent china from out maneuvering. and our muslim the us and its partners while creating a more independent program of its own. across the world, the united arab emirates made history recently by becoming the 1st arab nation to send the spacecraft into the martian orbit for a 2 year mission. saudi arabia plants add another $2000000000.00 to its own space program by 2030 and what has become a middle east space race of its own. saudi arabia is one of the main founders of arab set, the arab satellite communications organization, which it has a 37 percent stake in. israel also continues to bolster its own space program,

its own technology and research. and the iranian space agency continues to launch satellites into orbit. the u. s. is raise concerns about runs potential military goals, using rockets to be repurposed as long range missiles and also runs enhance space reconnaissance capabilities. it's a cosmic stew of competition between countries spanning the globe in the race to space, but the u. s. still leads the charge in the race to mars. and in yet another historic achievement, now passes perseverance rover continues to feed back images and even sound from the red planet. 150000000 miles away. for boom, bust john hardy. for more on this, let's bring an rick term and thin founder of space fund, the space frontier foundation and earth light foundation. how do you have time to be such an efficient? not on space. we have so many foundations, rec, i'll start by talk to you about some of the destinations for space programs. as we

just heard from john hardy, there russia and china have signed an agreement to work together on a scientific station on the moon, while nasa plans the land, the 1st woman, and the next man on the moon by 2024. what's the significance of returning to the lunar surface? well basically, you know, there's, it's like an island. sure it's, you know, it's, it's close enough where we can get back and forth fairly quickly. you know, couple of days, 3 days. but it also allows us to sort of learn how to operate on a world. so you know, it's, it's big the radio show, you've got back, you the nasty dirt you can handle that and learn how to operate there. then you can pretty well go anywhere. did we do a disservice by kind of i don't want to say abandoning the space program because we

certainly didn't do that. but you know, it's been nearly what 50 years since the last time anyone landed on the moon. so was that a disservice to the ambitions when we talk about moving towards mars and something like that, by stopping those missions? i actually do think it was into service. i'm. i'm part of the generation that, you know, you can either call us apollo children or a orphans of apollo, which is a nice not commentaries my recommend that is that, i think, you know, there was a goal. kennedy had a goal of beating the soviets taking perhaps what you might call the most expensive selfie ever. which would basically we're here, you're not ha, we have the better system. but the problem is there was not a lot of plans as to what to do. it is like, you know, the old question if the dog catches the car. and so a lot of us don't know what we want to do with it. and we have been working in our

various different ways to sort of open that up and make it something that people can go to that you can go to, i can go to that our children can go to. so we're getting back on track now, and do things really use the word taking off. earlier this year we'll talk a bit about 3 missions we've seen tomorrow recently by the us, china and the u. a. and we actually heard quite a bit about, you know, studying ancient life or what might have been. but meanwhile, the basics actually hoping to watch the 1st man commission to the red planet sometime between 2024 and 2025th. you know, why have, we always had that fascination with going to mars it just that it's the next closest body in the, in the solar system. everybody's got their destination. they want to go to in space. you've got the moon people, you got more people when you got what i call, which one rotating habits to space itself. i think that on and folks who want to go

to mars, i think underlying it. i got to tell you, i think it's because it's got a sky and it seems the most earth like of the destination. but, you know, we're, we're going to be able to go anywhere eventually in the solar system. i think we're going to find some other. ready places that we can call home and to me that's the key. it's all about. settlement exploration is just the 1st step. and on a broader scale, rick, you know, why are we seeing so many nations bolster their space programmed? now we're at one point. it was all about just 2 countries. is this being pushed by that private space industry that we talked about so much there in the beginning of the show? yeah, i think there's one of those cases where people, different leaders in the world are starting to realize that that this is important . and that, you know, it's almost like in the old, old age of exploration that people are starting to understand the implications of

the fact that we're sitting in a bath solar system res. amazing capability to create by going out into it. and they're just starting to, to, to get on board and then, you know, they look over their shoulder and they say potential political enemy or somebody. and they begin to go wreck tomlinson. unfortunately, we are out of time, we could spend hours talking about this as we said earlier, founder of space, fun space, frontier foundation and earthly foundational have again soon. thank you so much. and that's it for this time, you can catch boom bus on demand on portable tv, which is available on smartphones and tablets through google play in the apple app store by searching portable tv portal tv can also be downloaded on newer model samsung, smart tv, as well as roku devices or simply check it out at portable dot tv, but the next time ah,

ah. imposing sanctions, any country used to be a part of the last resort that is not the case to day now. washington sanction scores of countries and even threatening sanctions. again, suppose the now on you sanctions work? no, not really. also we have an update on bill $100.00 make. no, certainly no borders and the blind number please. as emerge. we don't have authority. we go to the back seen the whole world, needs to take action and be ready. people who judge, you know, come crisis and we can do better, we should be better. everyone is contributing each and her own way. but we also

know that this crisis will not go on forever. the challenge is paid for the response has been massive. so me, good people are helping us. it makes us feel very proud that we need together in i met my lovely weekend and wanted to know me and johnny douglas gave me the gotta go through the the or up the kitchen table out them out. i got a good model. she will put it on the show that the lady told

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thing we dare to ask me ah, to middle divide. a bombshell report revealed denmark spied on germany's uncle of merkel as well as on other you leaders for us intelligence. this image as a beacon of human rights, is shattered as the remains of more than 200 children are discovered near a former school for indigenous students, highlighting a cultural genocide that continued until the 1990 and israel's long standing prime minister benjamin netanyahu may be finally on his way out after the opposition claims it has enough parliamentary votes to drive him from the.