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Meet the Press

Space: Billionaires vs. Nation States

Meet the Press

NBC News

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3.63.8K Ratings

🗓️ 13 October 2021

⏱️ 27 minutes

🧾️ Download transcript

Summary

As NASA focuses on the moon, a new crop of private businesses are transforming space.

Transcript

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0:00.0

Hello there and welcome to another episode of Meet the Press reports, where we do a deep dive and do a single topic each week.

0:22.7

Over 50 years ago, two Americans were the first humans to step foot on the moon. He was in the midst of the international space

0:27.4

race. Yet the press has been there to cover the big moments. President Kennedy a few days ago

0:34.3

laid before Congress his recommendations for a vast forward push in the conquest of outer space.

0:40.7

Back then, it was just NASA. Now there are many new major players in this decades-long game.

0:46.3

Space exploration and travel is becoming a commercial industry. And the new industrial space

0:51.1

ventures are bringing some cutthroat competition, sometimes at the cost of NASA's ongoing scientific missions.

0:57.5

Private companies are now leveraging new technology to do what NASA once exclusively did itself, and they're going to make money while they're at it.

1:05.2

The market is clearly pretty lucrative, and it forces the question.

1:08.6

Has the space race really evolved from the pursuit of national pride

1:11.9

to a bitter battle for plain old market control?

1:15.8

My colleague, NBC News correspondent Jacob Ward, has more on this new space race.

1:20.3

For generations, we've assumed that space was a place reserved for superpowers and for scientists.

1:26.5

In the 1960s, the race to the moon between the Soviet Union and the U.S.

1:29.9

had a clear winner, America.

1:32.2

We sent up a rocket built by public servants and became the only nation to ever set foot on another heavenly body.

1:38.7

The United States went on to explore the solar system with satellites.

1:42.2

We put robots on Mars, all funded by billions in

1:45.6

taxpayer money.

1:46.6

That's on some fun. Coordinated by NASA. And today, the tradition of big, pure scientific

1:53.1

endeavors continues. A satellite built in the U.S., the James Webb Space Telescope, the successor

1:58.7

to Hubble, is about to give scientists all over the world the ability to see through time.

...

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