rocket or a spacex capsule. so i also think obviously it's not affordable to get one of those tickets but i have so think they are pushing the boundaries to bring more people into the space. we saw that on the soyuz along time ago. i think it's something like that. isthey also think is driving ths agenda forward but it's going to be a while. it's deftly put feasibility at a broader level. >> andrzej raises a great point that for a lot of these activities things like tourists in orbit space hotels and doing interesting thing with private space stations. none of that could happen until you had lower cost reliable ways to get people up there. and $50 million as seed or whatever spacex is charging is not cheap but the fact of the matter is with the space shuttle that opportunity wasn't there. with soy used to think it went to rest up for the time and i'm dragging you can find -- fly for people in autonomously. tithis is opening up opportunits that didn't exist and i frankly have been surprised by already the number

because spacex launched this in the early 2000. >> so one of the many beneficial things spacex has done for the industry is they had shown other investors there's money to be made in space. it makes it a lot easier if you are start up company, you can sort say hey come with the next spacex because of xyz. we have a similar growth plan, this is a vision, they realized access to space. we're going to revolutionize whatever. if you look since about 2010 comes after the first falcon one success come the first falcon nine success, the amount of funding went into private equity space companies has gone up a lot. spacex has shown in terms of just launch companies that have show that you can be successful with a commercial vehicle, and so rocket lab has followed and then literally dozens of other companies are trying to do the same thing. many will fail but some will succeed sort of on the backs of spacex. >> these are five pillars questions. i appreciate everyone joining us tonight. andrea, eric, kathy is in the background, our coordinator. she's not too far from where i was in 1969 when the f

because spacex launched in the early 2000s? >> so yeah, one of the beneficial things that spacex has done for the industry is they have shown other -- they have shown investors that there's money to be made in space, and so it makes it a lot easier, if you are a start up company, and you can say hey we're the next spacex because of xyz, right? we have a similar growth pattern. this is our mission. they revolutionized access to space. we're going to revolutionized whatever. after the first falcon 9 success, the amount of funding going into private equity for space companies has gone up a lot. and spacex has shown in terms of just launch companies, they've shown that you can be successful with a commercial vehicle, and so rocket lab has followed, and there are literally dozens of other companies trying to do the same thing, many which will fail but some will succeed sort of on the backs of spacex. >> these are fabulous questions. i really appreciate everyone joining us tonight. andrea, eric, kathy is in the back ground, our coord

i'm asking about spacex's starship. it has no launch abort system. is this safe and responsible? >> well, you know more than i do about the technical design of starship. i would expect that there is some form of abort system or some form of safety for people aboard. it is a system that can land -- i mean, there are two parts, there's a super heavy booster to get the spacecraft off the earth, that has yet to be tested, i think it's been static fired once, and then there's the actual spacecraft which is a winged vehicle which hopefully will be able to land. i think it would be irresponsible and i suspect it would not get a government license to launch without some sort of safety system for the people aboard. >> since you brought it up, i will ask you this question, what type of regulatory parts does nasa play -- or the government play when it comes to these private space ventures? are they regulated by the government? do they have to follow government safety protocol? or are these companies just making it up as they go along? >> well, first of all, nasa is not a regulatory agency a

so, and indeed reusability of rockets pioneered by spacex is a disrupting innovation. it gives space access much -- then it has been historically. so, i think the net positive in economic terms for these undertakings. >> we have another question from a social media follower that wants to know, are there any rules, regulations, rules, responsibilities for the billionaires space club adding to the already existing issues of space debris? >> well, they are subject to the same guidelines. excuse me. there are not laws about creating orbital debris. which is a real problem, by the way. these two ventures blue origin and virgin galactic, do not go to orbit. so, they cannot create orbit debris, almost by definition. but you know, every launch in two orbit is a potential for failure, and a potential for creating debris. and there are guidelines, and it's hard to avoid that. they are subject to. so, i think that they don't add to the problem in any significant way. >> let's talk to chris calling from pittsburgh, pennsylvania. chris, good morning. >> hi, good morning. you know,

how much more of the commercial market can spacex acquire, like towards arian space?nd my second question, the nasa administrator has said that china is our main competitor to get to mars or deep space. how much more can the government stay out of the way for a company like spacex, to leave a path for america to get to mars or the moon before china? i will hang up and listen to your response, thank you. john: thanks for the comment on the "after apollo" book, part of a series of books i have written up about the space decisions of john kennedy, richard nixon and ronald reagan. i enjoyed doing that work. china is the country, together with the u.s., that is the units developing capabilities for journeys into deep space. there is currently a . there are capabilities to eventually go to the moon and journey to mars. the u.s. is ahead of that competition with the artemis program. but it depends on whether we maintain that current lead, competitively over time. it takes many leads -- he takes many years and sustained support from the government. that being said, elon musk

senior space editor, spacex, nasa and everything beyond. houston chronicle and as we know, we are so thrilled here tonight. in conversation with andrea, reporter for the houston chronicle's and being in space city, we have a lot to talk about when it comes to space. i'm going to turn over to eric and andrea and have a wonderful conversation and i will come back on and help facilitate the questions and answer time. welcome, thank you for coming tonight. >> thank you, valerie. >> well, very exciting about your book. i loved how you started it off. right now obviously we have so much happening and texas with the star ship but it feels kind of like maybe cowboys days of the talking one so i'm curious why you decided to go with the book that way and the similarities between now and then. >> i want help readers understand why we should care about this dinky little rocket that they have put so much effort into launching 15 years ago. it's kind of ancient history sort of at the speed of which spacex moves but the reality is they haven't been succes

that went to spacex. and now bezos is contesting that, the contract with the government accountability office. >> that is right. and this is definitely a blow for blue origin. they thought they had more time before nasa awarded this contract. >> and they've been awarded like a prize for their model early on in the bidding process? >> they had. and so there is a chance that nasa is going to open this up, congress in particular, really looking at the possibility of wanting nasa to fund a secondary lunar lander for the artemis program. and spacex and blue origin have been competitors starting from the beginning starting with the well-known launch pad at cape canaveral, launch pad where the apollo 11 astronauts launched from, the launch pad, the shuttle launch, that went to spacex and elon musk and these two billionaires have been duking it out ever since. >> i wand to bring in miles. that competition that kristin is talking about, that is one of frankly the advantages of having private companies, having tunn

with spacex, that comes down to $2000.the next generation of rockets, it could come down to $200. all of this is in the five-year timeframe. we think these opportunities we are investing in, it is longer term than investing for the next quarter but it does take the longer term time horizon of five years and we will see an enormous amount of opportunity and commercialization in space in that timeframe. emily: all right. it certainly is exciting to talk about. appreciate you taking the time to join us. we will have much more on this windy day. successful launch for jeff bezos's when we return. ♪ ♪ caroline: concerning news from the cdc. on tuesday, the delta variant makes up 83% of covid cases in the u.s. is the growing concern that prompted some companies to rethink their return to work plants, including apple. the automaker is delaying its office return deadline by a month. talk to us about what the return plans have been and what they now look like. guest: apple had been aiming for all employees back to the office by the

you mentioned spacex competing with the european company.y seek contracts to launch communication satellites and spacex has been incredibly disruptive. a reusable booster and the price point that undercuts competitors. that is virgin galactic and blue origin having nothing to do with that competition. host: you brought up the elon musk star liner. you say the government is not competing with these private companies. do you think the push for private companies to get into space in any way diminishes nasa's plans for manned spaceflight? guest: that is a good question. 250 miles up or so were the international space station is currently operating, nasa said it would like to get lower earth orbit and turned over to the private sector. it is a risky commodity. nasa says we would like to stop doing that and concentrate our efforts in going places. going back to the moon and beyond eventually. it depends on how much you believe the spacex claim it is going to develop that capability. they proved it worked better than the advanced system. i think th

they want to vie with spacex for those nasa contracts. we could see two more missions this year as blue origin ramps up its activity. alix: thanks for that. really appreciate that. let's talk about u.s. housing market. it was in the stratosphere. starts rising in june, hitting a three month high. want to talk to michael mckee about the details. michael: we may be constrained in where we can go. housing starts are always very volatile if you have a pendant recession. the kind go away, then you have weather affect -- then you have weather effects. there's a lot of demand out there for housing. the bad news is in the building permits, or at least it appears to possibly be bad news, because building permits went the other way. building permits fell to an estimated 6 million annualized rate. that is the lowest since october. what's going on there? is housing peeking out? maybe not. the problem may be, we don't have enough construction materials because of costs or don't have enough construction workers. take a look at the number of civil famil

for the same service. >> spacex isn't alone.eral companies receiving fund for space technology. marking the next giant leap in commercializing space. alix: for more we are joined by ron epstein, senior aerospace and defense analyst. that's where we are. i want to get your take. what's the opportunity? what's the space economy now? what do you think it can be in 2040, 2050? ronald: basic economy today is about $450 billion. we are expecting over the next decade to grow to about $1.4 trillion. that's approximately about a 10% per year growth rate. i think you could extrapolate that out to the next decade and following decade. if you look at space markets, there is all kinds of things going on. space tourism. there is satellites. low earth orbit, and higher orbit. there are a whole bunch of things going on. what you point out in the intertrow to this, this is an endeavor that was solely an endeavor of government. and really under the leadership of spacex and blue origin. it's now becoming a private indid he ever. and -- a private e

>> playing catchup. 3 billion in contracts have gone to spacex, half a billion to blue origin. my friend, brad, really summarized it perfectly. space tourism is, virgin wants to put 400 flights of four people each at $1600, want to do $4,000 apiece, that's $64 million on a company valued at $6.5 billion. that doesn't make any sents. space travel lass a higher mortality rate of climbing everest or base jumping, so space tourism makes no sense and just for a moment i want to be nostalgic. 50 years ago when we accomplished what we accomplished today i would argue even greater accomplishments, we sent the daughter of a minister who received her ph.d. in physics from stanford, that was sally ride. we found a woman born in alabama who got a masters in chemical engineering and went on to be a doctor in the peace corps, may jamison. i'm nostalgic for the days of sally and may, not when we sent up the private billionaires and wealthiest man. this reflects weird and quite frankly a little unhealthy about our society. >> scott galloway, brad stone, we appreciate you and your perspectives.

you mentioned spacex competing with the european company. they seek contracts to launch communication satellites and spacex has been incredibly disruptive. a reusable booster and the price point that undercuts competitors. that is virgin galactic and blue origin having nothing to do with that competition. host: you brought up the elon musk star liner. you say the government is not competing with these private companies. do you think the push for private companies to get into space in any way diminishes nasa's plans for manned spaceflight? guest: that is a good question. 250 miles up or so were the international space station is currently operating, nasa said it would like to get lower earth orbit and turned over to the private sector. it is a risky commodity. nasa says we would like to stop doing that and concentrate our efforts in going places. going back to the moon and beyond eventually. it depends on how much you believe the spacex claim it is going to develop that capability. they proved it worked better than the advanced system. i thin

anything spacex or virgin galactic could learn from down the road? >> i think all the missions are different so they have different objectives, different training and for axiom, the training not only involves spacex training and also involves the international space station training in order for us to have a crew mission that goes to the space station and visit the nasa crew operating there as well. >> leland, we need to know how remarkable it is, this was automated. unlike virgin galactic this month, there were no pilots involved. can you talk what this might mean for the future of space travel in your view? >> hallie, thanks for having me on. we have created some of the most incredible technology throughout the genesis of the space program that allows things like this. spacex is docking to the international space station autonomously, allowing for people to get in the rocket and go like george jetson, get somewhere, get out and do their thing and get in the rocket and come home. this is a way to democratize space. we'll have people getting on, they

so i think elon musk with spacex pioneered that with the orbital rockets. they're doing it here with blue origin. virgin galactic's vehicle is reusable. that aspect of space travel is a huge change compared to the throw away rockets of the '60s and '70s. >> and for future space travel and exploration, miles, reusable rockets are essential. >> absolutely, anderson. you know, we tried to do this with the space shuttle, but we came up way short on the idea of reusability. they threw away the external fuel tank. it was very difficult to restack the solid rocket boosters. and the orbiter itself was incredibly fragile, covered with the tiles that proved to be kind of an achilles heel. when you look at what you just saw there, what it really impresses me is everything that you saw there is scaleable to orbit and beyond. the architecture of their system is kind of over engineered for what you saw today. >> hey, miles, i want to bring in the colonel. colonel, what are we looking at here? why haven't they just brought them out immediately? what are they doing? >> wel

how do you see blue positioned with respect to spacex, seeing as how spacex have one lucrative governmenttracts? if bezos pulls this off, will that change the perception nasa has of the company? sean: i think nasa has a fairly good relationship with blue origin. as i mentioned, the flight opportunities program. jeff and the team is clearly focused on operations and low-earth orbit. as a student of princeton may he is part of the o'neill community, talking about large habitats in low-earth orbit. we have a number of companies that are coming online with a lot of nasa experience, thinking about the next generation of space stations in low-earth orbit. clearly, blue has some catch-up to do with regards to spacex. space x has delivered both cargo and astronauts to the iss. blue should be in that position. i believe blue will be in that position in the years ahead. once they begin more flights. emily: sean casey, silicon valley space center. thanks for joining us. we will be right back with moral -- more bloomberg technology. ♪ ♪ caroline: let's take a look at tech stories. the white house alo

spacex has done 122 on falcon nine alone.said all they wanted to do was to successful flights without humans, which they did on the same rocket easter and capitals -- and capsule, which they have done. and they would be ready for humans to go up. they have much less experience. the risk is the weather. this is an autonomous process. there are not overrides astronauts can do. it is less tested than space x. jeff bezos is putting his money where his mouth is and putting himself in the situation for the astronaut experience. shery: ed ludlow in vanhorn, texas, our west coast reporter. with the latest on the launch our special coverage of the blue origin launch starts at 8:30 p.m. hong kong time in 8:30 a.m. on the u.s. east coast. you can also turn to your bloomberg for more on this, tliv has commentary, market analysis from bloomberg expert. plus -- experts. plus or on the evolution of the space industry, within -- with another guest, tracking debris and low-earth orbit. haidi: headlines, a brazilian mining giant produce l

you have musk's spacex, $149 million contract from the pentagon to build missile tracking systems comerivate companies that are heavily relying on government funding you write "this is the real face of the private space industry, billions of dollars of contracts from nasa, military, increasingly for telecommunications that are helping companies like spacex and blue origin control the infrastructure of space." talk more about this. >> absolutely. i would start by agreeing with what peter said. i think there is good reason to want to explore space but the way it is happening is not an we should want to see. i think what we have incommon especially in the past few years, the u.s. government has kind of embraced these visions from people like elon musand jeff bezos. under donald trump, there was talk about going to mars, how he adopted that idea from elon musk and from the private space industry, and joe biden has said similar things about wanting to embrace the private space industry. i think we need to be concerned about the direction this is heading us down because there is worry in the

followed by spacex with a suborbital rocket and there it is right there, landing on that landing pad. just about two miles away from the launch pad. poppy and jim, i have to say, one of the benefits of a suborbital flight, remember they are not going up into orbit, this is a suborbital flight but they didn't have to eat astronaut food. they could come back down to earth later and have a champlain celebration on the desert floor. >> i think i heard something about popping a champagne bottle when they landed. kristen, welcome to cnn. branson and now you have bezos and you're the daughter of astronaut. >> what a week. >> particularly meaningful for you. but as the daughter of astronauts speak to the awe of this moment and the real responsibility. what does this mean for humanity because most people can't afford it. so where does it go from here? >> reporter: well jeff bezos and blue origin grand vision is to some day move all of the heavy industry, all of the mining and all of the stuff that hurts planet earth, they want to move that into space eventually and clean planet earth as this p

she came to spacex.kstars and they were all there to satisfy their curiosity, but wally came with a mission. she was just interested in getting to space. that was what it was all about. she showed up in her flight suit. i'll never forget her visit. it left quite an impression. >> team bezos went just beyond what's internationally considered the edge of space. richard branson reached what the u.s. considers the beginning of outer space. now in september, spacex, which you're a part of, will take a flight beyond earth's orbit. yes, you work for spacex, but we should note that there is a difference in the distances of these flights by private companies. >> yes. there is a difference in altitude. jeff today went a little bit higher than sir richard did last week. and i think that's kind of silly. it doesn't really matter. it's arbitrary where they draw that line. and i don't think the experience was very different as far as the view or the feelings of acceleration. so i don't think that really matters. what

and so the biggest companies you want to track, spacex, rocket lab, astro, their spac announced and all the other relativity space. those are the companies that will experience a huge influx of demand, part why elon started star link is because he was seeing softness in the satellite during the rocket launch market in 2017 and 2018 and so he realized he needed to create his own demand for his rockets and that was why he started his own satellite network, to generate that. those are some of the biggest beneficiaries. the other ones are going to be people who rely on this rocket launch infrastructure and by default, more volume, those costs will start to drop down. so if you look at companies like maxer, aridium, these are satellite network operators and those will -- >> morgan brennan, want to bring you in here. let's work on his audio there. but, morgan, it strikes me we're at this moment that perhaps is reminiscent of transatlantic flight or other moments when we see individuals do things that maybe governments have done before but might shift people's mindset about traveling some expa

both jeff bezos' blue origin and elon musk's spacex was able to deliver usable rockets. they were able to send astronauts to the national space station, hundreds of payloads. now today we have richard branson laurnching into space i the spacecraft he helped fund and spent years developing. during the ten years while the space shuttle was retired, there was such a waning interest in space. now if you have any doubt about whether people are interested in space again, the livestream carrying this launch, it just had about 400,000 people watching on youtube. space is back. >> let me ask you, rachel, we talk a lot about the private sector, which is right, but if you look at elon musk's company, if you look at basic funding, the government is still a very large player here. i assume there are good relations between nasa and richard branson's company, blue origin, and we know with elon musk, of course, because they are the principal funder and customer for spacex. >> reporter: yes, you're right, fareed. the faa highly involved in the laurchl here today. in fact, the whole reaso

indeed, reusability of rockets by spacex is a disruptive innovation. it makes space access much easier and less expensive than it has been historically. i think there is a net positive in economic terms from these undertakings. host: we have another question from a social media follower that wants to know, are there any rules, are there any regulations, rules, responsibilities for the billyclub adding to the already-existing issue of space debris? guest: well, there -- they are subject to the same guidelines -- they are not binding. [coughing] binding laws about creating debris. which is a real problem, by the way. do origin and virgin galactic don't go to orbit, so can't create orbital debris, almost by definition. every launch into orbit is a potential for failure, the potential for creating debris. there are guidelines of how to avoid that. they don't add to the problem in any significant way. host: let's talk to chris, who is calling from pennsylvania. good morning. caller: hi, good morning. on the surface you could say these programs appear to be

spacex has been so successful.ou got a private rocket company in new zealand that have done dozens of launchers. you got people trying to put up tens of thousands of satellites. there are government approvals that go into this but these companies are moving faster than governments ever did. it has this wild west feeling to it. you want to be careful. you don't want to flood it with more junk but i think it is an exciting time. it feels like there are days of the consumer internet that were not sure what people will build up there. it has this potential to be a whole new economy that is put in place. emily: i know it is not about a competition, but let's talk about it. what do you imagine eon -- elon musk is thinking right now? he was in new mexico and branson wishing him well. why has he not done this yet? i know he said he wanted die on mars and not on impact. what do you think he is waiting in the wings here? reporter: he is definitely team branson and not bezos. spacex was just never meant to be about space tour

it wants to compete with spacex and boeing and lockheed.t wants to do its own internet based -- space-based internet. it does not have as focused a business model but trying to compete in the big-ticket contracts. it was vying with spacex for the lunar lander for 2024 but did not win. that is the difference between the two. kailey: so glad you mentioned spacex because all i have been thinking about is the picture i saw the elon musk standing barefoot in a kitchen with richard branson at 3:00 a.m. before the flight. clearly a billionaire bromance. elon musk will eventually go up on a virgin galactic spaceflight. when could that happen? ed: early 2022 is when they will officially start commercial trips. they sold 600 tickets at $250,000 a piece. they only have a couple of spacecraft. they would have to do 100 launches in the first year to satisfy the original lift. throughout 2020 they were taking $1000 deposits to hold your place. it is going to be a long time before they launch with frequency. even though existing ticket holders are going t

connecting to earth, which spacex is doing with star link.econd one is launch vehicles or rockets, watching the satellites or assets into space. then dragon crew watching doug and bob to the iss last year, a monumental launch. rocket lab, the second private american launch company. caroline: is that the exit -- when you're looking at having fun with these companies, that seems to be the way every company is going to market whether crypto or space. the special private acquisition companies, the likes of virgin galactic -- is this a good route for an exit from --from your perspective? >> it is another way for companies to go public. at an early stage in their development. they are just like a traditional ipo but with one large structural difference. in the case of a stack, -- spac, they can share long-term projections with institutional buyers. that is especially suitable for companies' ambitions to generate billions in sales. five years out. caroline: i am interested also in looking at where applications are. there is a lot of market valuation

i think spacex has a maximum payload of 800 -- 830 kilograms.i believe virgin can deliver. are you looking at a much smaller payload? >> we believe we will be able to address the entire market for more satellites and the entire market of emerging small satellite companies. if you focus on the small satellites, if you focus on our mission you do not need a bigger rocket. you need many more of them. keeping the rockets malt means we can produce more of them. -- keeping the rockets small means we can produce more of them. matt: if i'm not mistaken, spacex charges, i think, a man dollars for your first 200 kilograms. >> we are charging three and a half today. as we increase our production rate, we will be able to continue to reduce the cost to us down to about half a man dollars -- half $1 million. our cost is only about a thousand dollars per kilogram which is cheaper. matt: how do you reduce the cost? are the processes automated? are your rockets reusable or recycled? what are you doing to bring that cost down? >> think of it as we are building fo

the contracts that spacex was awarded.nd vision of the future where the human race is a space faring race and we can look to the galaxy for natural resources. first things first, an 11-minute flight up to the common line for a few moments or minutes of weightlessness before buckling back and falling down, experiencing forces of five times the earth's gravity on the way down. ed ludlow, bloomberg news, van horn, texas. haslinda: and breaking news from u.b.s., it is a beat for the second quarter, net income coming in at 2.1 billion, the estimate was for $1.32 billion. it says that its second quarter wealth management pretax beat its global market revenue down due to rates and u.b.s. says it's forecasting on capturing dproj in the u.s. as well as the asia pacific region, rish, more headlines coming. rishaad: coming up with this as well, look at the performance of the shares so far this year and up 6.5% or thereabouts. u.b.s. saying that the 600 million share buyback program will be started in the third quarter which is now as

in that time what happened is spacex has leaped from blue origin in terms of technology.n most of the commercial contracts from private sector partners and blue origin want to catch up, providing paying customers just a few minutes of weightlessness with the original call for the company. it is the tip of the iceberg in terms of the ambition blue origin has. it wants to compete with spacex and other private-sector carriers for the satellite contracts in the lunar lander contracts. spacex was awarded and blue origin has appealed. it also has engines for other companies. the human race is a spacefaring race and we can look to the galaxy for natural resources. first thing is first, a flight up to the common line for just a few minutes of weightlessness before buckling back and falling down, experiencing forces of five times the earth's gravity on the way down. ed ludlow, bloomberg news, texas. dani: you gotta love that it will have the youngest and oldest person in space. that was ed ludlow reporting from vanhorn, texas. do not miss our special coverage of the blue origin la

. >> spacex rockets built by elon musk have already been used to power nasa missis. and spacex is designing a lunar lander that is intended to take humans back to the moon. you know, there are some who argue that nasa should stay out of the business of building rockets and that this should be left to the private sector. there is a view that nasa's role in space exploration should be to set the vision for the country and then partner with the private sector who cado a better job of controlling cts and meeting deadlines. what's your response to that? >> well, that was the whole theory of the space bill, the nasa bill of 2010, was to have the best of both worlds. now, always, nasa has depended on the commercial sector. all of our previous flights to the moon, for example, were all done with private companies, witha overseeing them. in effect, you're having a version of that right now as we're going back to the moon with the first woman and the first person of cor. >> let me ask you -- because china and russia he announced that they have plans to launch a spacecraft as s

spacex is designing a lunar lander intended to take humans back to the moon? there are some who argue nasa should stay out of the business of building rockets and this should be left to the private sector. there is a view that nasa is wrong and space exploration should be to set the vision for the company and partner with the private sector, who can do a better job controlling costs and meeting deadlines. what is your response to that? >> that was the whole theory of the space bill of 2010, to have the best of both worlds. always, nasa has depended on the commercial sector. all of our previous flights to the moon, for example, were all done with private companies, with nasa overseeing in. in fact you are having a version of that right now, as we are going back to the moon with the first woman and the first person of color. >> let me ask you, because china and russia have announced that they have plans to launch a spacecraft as soon as october, to look for ice on the moon, they say they are going to also build a permanent research based on the south poll of the

what branson and spacex is doing is quite different. th they are focused on getting to the moon mission, but they are today doing just a portal mission. they went just 50 miles above earth, but a win is for the entire space community. it's all about democratizing space, opening up the heavens for the rest of us, and according to musk, one day becoming a multi-planetary species. we know here on the ground, branson is expected to make an announcement once he deboards the unity. we're all anticipating it. there will be a musical performance by khaled and a press conference where hopefully we will hear what this experience was like for branson. nearly two decades in the making, he's poured nearly a billion dollars into this endeavor. he's wanted to go to space, he's dreamed of going to space since he was a child. so we're all very eager to hear what the experience was actually like for him. also hopefully we'll get more images of him inside that cabin. brian, i want to point out, at one moment it looked like branson was about to make a phon

this week alone virgin orbit has launched its second big commercial flight, and spacex has launched aber of british satellites, many from companies invested in by the new investment trust launching in the next few weeks with 150 million investedn new space companies. we havheard regulations go through parliament for regulating the space industry. we have heard the queen visit and see satellites being built. we have had numerous things going on which are all leading towards an industrial revoluti in space -- nancy: and with all that happening, if we could zoom in a little what is happening on the 11th of july, will you be going into space yourself? what will the people who are going be able to experience? will: i will be going on a later flight at some stage. and i will be very much looking forward -- i will be looking forward to going to space since i was seven years old. to get to 61 and at the prospect of doing it is exciting. sir richard branson will be carried up in a carrier plane, and that carrier plane will drop the spaceship at about 50,000 feet up in the air, 80,000 meters up

. >>> and a federal judge with a blow to spacex and the fight with the department of jtiusce dow futures are up 92 and we are back right after this. this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers spending potential that's built for his changing business needs. he used his card to furnish a new exam room and everyone was happy. get the card built for business. by american express. >>> time for the big money movers of the morning. today, we have a bonus four stock stories today that's what we do. stock number one micron shares lower. reporting better than expected third quarter results. it is projecting fourth quarter revenue above estimates. selling a plan to utah and texas instruments for $1.5 billion stock two is curevac a final trial shows the covid vaccine is only 48% effective. the effi

that contract went to spacex.are now contesting that contract with the general accounting office. we'll see what happens with that. but that was a big blow. they had certainly hoped to be the people to bring astronauts to the moon in 2024. jeff bezos has talked about having a permanent presence, human presence on the moon as one of the things he is interested, as you were saying, they talked about heavy industry being the purview of what is done in space, light industry and residential use would be what planet earth is for. we're talking, i don't know, hundreds of years from now, depending on who you listen to. miles o'brien, we're about 18 now minutes from launch. ordinarily with astronauts there would be a lot going on inside the spacecraft itself, inside the capsule, things that they had to do, checks that they had to do. that's not happening in this capsule. >> no, they're sitting back and taking it all in. there are no switches to throw or checklists to worry about. they did check their communication, as you

throw well with spacex.t quickly tell us what to they're trying to do. >> the two separate questions here. one is what each person trying to do for their ego and what we're trying to do for spaceflight in general. this is a big race between a billionaire with big egos to be the first was to get into space. the interesting thing from the point of view of space enthusiasts is that on the flight that richard branson was on, it did not quite get up to where the international definition of space begins. so, jeff basals was quick to point out that in fact, richard branson was in suborbital earth atmosphere neighborhood and not in outer space, whereas jeff basals is going to get a little higher and he is going to go into the official outerspace area. >> where is the official line? i heard that branson was being officiated as having gone to space. he has earned his astra nights wings, so he did achieve no gravity. he was there for a few minutes. where is the line, if you will? >> first, you can achieve no gravity by

spacex has been supplying that ever since we shut down the space shuttle 11 years ago waevl been using was able to get the aircraft certified they delivered through crews already to the international space station. and boeing has had delays but this spacecraft, starliner, is ready to go. the count is going smooth as glass. and then, would you know it, something completely related to boeing and starliner the [ inaudible ] of the russian started firing to stabilize the entire space station >> and i'm assuming that issue we saw play out yesterday in real time, is it safe to say it's been resolved everybody is safe on board experiments are safe and you can say we're poised to see the test flight happen nex tuesday? >> the only thing standing in the way for tuesday is weather around 2:53 p.m., every day we have had major thunderstorms in florida. so, are you going to take him up on that offer >> well you can ask me that question next week because i'm in a legal blackout right now under law and policy and procedure of the general accounting they are going to make the decision next week wheth

what you should think about, though, is spacex. spacex orbits the earth. they have sent astronauts to the international space station 250 miles up. now that's a rocket. bezos' flight will be straight up and down just like the first american in space alan shepherd for whom the new shepherd rocket is name. he took that flight in 1961. nobody piloting this thing. this is like being on the top of a champagne cork. it's going to take about 11 minutes from start to finish. and it's over, but they will get there really quickly. and then they come down pretty fast hopefully with a slower part at the end. >> that's what you always hope for. >> tomorrow morning. >> we'll be watching it. thanks, scott. >>> happening today, members of the east oakland stadium alliance will hold another rally ahead of a big vote on the future of the a's the city. tomorrow the city council is set to take a nonbinding vote on a term sheet for building a waterfront ballpark for the a's. the alliance is pushing for city leaders to vote against it. oakland mayor libby schaaf said the city a

spacex is concentrating on bigger ideas. bezos' flight tomorrow will be straight up and down like a cannonball like the first american in space alan shepard for whom the rocket is named. he did that in 1961. the most important thing to remember, you know this, is that bezos, nobody has ever been inside that rocket before. this is the first time they've ever put people in it. he's riding in it. branson, very courageous, they had flown that into space many times before. >> right. gives you a little background there. >> yeah. all tomorrow. >> most of us are trying to move around here on planet earth and san francisco-based lyft moving forward bringing back shared ride in some locations. philadelphia, chicago and denver can book a shared ride again starting today. that's when customers split a car going in the same direction. the option comes with a mask mandate and limited seats. it's the first time lyft has allowed ride sharing since the start of the pandemic. uber has not reintroduced its similar service. i took an uber for t

week alone, virgin 0rbit has launched its second big commercial flight with lots of satellites and spacexew space companies. this week, we have had regulations through in parliament for regulating the space industry. the queen has visited clyde space in glasgow and seen satellites being built. we have had numerous things going on which are all leading towards an industrial revolution in space. fight! all leading towards an industrial revolution in space.— all leading towards an industrial revolution in space. and with all that happening. _ revolution in space. and with all that happening, if— revolution in space. and with all that happening, if we _ revolution in space. and with all that happening, if we can - revolution in space. and with all that happening, if we can just i revolution in space. and with all i that happening, if we can just zoom in a little on what is happening on the 11th ofjuly, will you be going into space yourself and what will the people who are going be able to experience? l the people who are going be able to experience?— experience? i will be going on a later flig

meanwhile talk to a panel of spacex%.ministrator, eileen collins. first female pilot and first commander of the space shuttle coming your way as we count down to liftoff. ainsley? ainsley: very exciting, thanks, brian. health experts at the american academy of pediatrics issues new guidance returning to the classroom with universal masking for any child over the age of 2 even if they're vaccinated. here to react is fox news medical contributor dr. marc siegel. good morning, dr. siegel. >> hi, ainsley how are you? ainsley: hi. doing well. these are just recommendations. who do the schools listen to? what do you think is going to happen in the fall? >> well, recommendations, but then local ordnances may take them up and make them mandates, right? what's really disturbing about it is, first of all again sending the message you got the vaccine is it working? because it is working why would you then need a mask mandate. secondly, what about natural immunity? kids that have gotten over covid are not spreading it. thirdly, this

what your thoughts are on companies, like virgin galactic, blue origin, and spacex, wanting to bring. leroy hit on this idea. the fact that some billionaires and, eventually, millionaires can go. lot of people might say, so what? you know, we've got a lot of other issues to worry about here on earth but this is part of building a full ecosystem. a full economy that involves space. and that can lead to all kinds of things that we couldn't possibly imagine. imagine, in 1927, if you and i were talking after charles lindbergh flew the atlantic. and you said to me, myles, we are going to have an airbus a-380 someday, i'd look at you like you were from another planet so it's very difficult to project where these kind of things lead to, at the moment. but the fact that more people can be part of it, inevitably, is going to create something bigger. something more dynamic and something that we probably can't fully predict. >> so, leroy, what will you be looking for during tomorrow's mission? >> well, i'll be looking for a successful flight. i think they thoroughly tested their vehicle and so