With the recent launch of the
SpaceX dragon capsule to the ISS, there have been various comments on news websites about the value of expenditure on space given the current economic climate. Here are some facts.
Since SpaceX was founded in 2002 up to the end of the 2010 financial year, their total expenditure was
less than $800 million.
Facebook recently bought
Instagram for $1 billion.
Facebook has been valued at it's first IPO at just under $100 billion, but it's current stock price indicates it's much
less than that now.
The cost of the war in Afghanistan so far to the US is
over $500 billion.
Given even these few examples, space is exceedingly good value for money. The fact that it's now private companies driving development in the space industry has meant that the cost is falling due to these companies being leaner, meaner and more efficient than the traditional space companies. This is through necessity as they have to make a profit in an industry that has an exceedingly tight profit margin.
There has also been some comments about SpaceX being funded by NASA. This is true to an extent. Funding is being made through the COTS (Commercial Orbital Transportation Services) but this money is only forthcoming when milestones are reached.
Speaking of milestones, SpaceX have been clever in persuading NASA to have this test flight extended to include the oblectives for COTS 3 mission. The original criteria for COTS 2 mission was a successful launch, demonstrate the various manoeuvres needed for rendezvous, and the limit of contact with the ISS was RF comms, with the crew able to command the capsule. This has meant that money has been saved in the process, although it would not have been easy, with no doubt that NASA would have been exceedingly thorough through the review process.
As I raise a glass to SpaceX, I'm looking forward to what the future holds for space exploration in the hands of private companies, searching for funding to realise their dreams. Dreams and visions that once were those of presidents and government agencies.