The Franklin Institute Chief Astronomer Derrick Pitts says it's"exciting" that private money is flowing into space exploration , but the question remains: How will they make a profit?"Right now, the billions that they are pouring in are going towards building the necessary infrastructure to do the work that has to be done off-planet, in space and that is tremendously difficult," Pitts explains, adding,"It's going to take a long time to get to a point where you...
Because right now the billion that they're pouring in are going towards building the necessary infrastructure to do the work that has to be done off planet in space.It's going to cost a lot of money and it's gonna take a long time to get to a point where you actually have a process that's turning product around that can then just generate some positive revenue for you.
The application that they can have on earth can actually develop an avenue in which those uh investments actually begin to pay off sometime sooner than two or three generations from now. But for private industry, what happens on the other side is they now have proprietary right to all of the technology that they develop.
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