Aldrin Centinales
When it comes to space exploration it can affect numerous factors of the economy. Such factors will positively impact the economy, one of many factors is by being able to attract young people into careers like engineering, science and even technology. Factors like this will enable us to have a better lifestyle, improve our health care, create more jobs, etc…Additionally this will enable us to have more innovations as well as adding a well established benefit to the society and economy.
However, space exploration is not cheap specifically the space shuttle when it was under its development the cost of building the space shuttle itself “NASA spent $10.6 billion to develop the Space Shuttle and its related components, including the solid rocket boosters, external tank, and the RS-25 main engines…” (planetary) It is important to note that the build process of the space shuttle nearly took a decade so this expenses from nasa took some time to have an overall price of $10.6 billion, but it still doesn’t go over the fact that it cost them that much being able to narrow down the cost of space exploration will lead use to new discoveries of new resources which leads use to more technology
see data picture below.
Today the price tag to go to space in orbit is $58 million dollars. This cost was brought down largely due to the new development of reusable rockets in which many businessmen are invested in, why? Reusable rockets can drastically reduce the cost of a launch to go to space along with being able to go to space more often with a cheaper cost. This new innovation allows humans to go back and forth carrying special cargo for experiments to the international space station, with this innovation it will allow us to improve upon it and possibly even go to the moon more often to find new resources and elements that can improve life here on earth or even allow us to live in other planets. More about reusable rockets from space x here.
More and more business men are investing in such progress mostly because space exploration supports both innovation and economic success by being able to create advancements in science and technology, along with promoting new different scientific and engineering jobs, and overall help us find new ways to innovate new things much more efficiently which eventually lead to a much more cheaper living lifestyle as resources won’t be as scarce with the new alternatives that is much more cheaper and even more beneficial for both consumer and producers. Below is a video on why space exploration is important and why many people are invested in it.
Why Explore Space: Why is space exploration important?
Works Cited
Grush, Loren. “NASA's monster rocket set to roll out after more than a decade of delays.” The Verge, 17 March 2022, https://www.theverge.com/2022/3/17/22978972/nasa-sls-monster-rocket-roll-out-florida-history. Accessed 24 April 2022.
“How Much Did it Cost to Create the Space Shuttle?” The Planetary Society, https://www.planetary.org/space-policy/sts-program-development-cost. Accessed 24 April 2022.
Jolley, David. “Benefits Stemming from Space Exploration.” NASA, https://www.nasa.gov/sites/default/files/files/Benefits-Stemming-from-Space-Exploration-2013-TAGGED.pdf. Accessed 24 April 2022.
Venditti, Bruno, and Anshool Deshmukh. “The Cost of Space Flight Before and After SpaceX.” Visual Capitalist, 27 January 2022, https://www.visualcapitalist.com/the-cost-of-space-flight/. Accessed 24 April 2022.
“Why Explore Space: Why is space exploration important?” YouTube, 28 February 2018, https://www.youtube.com/watch?v=b8WojbS1_ww. Accessed 24 April 2022.
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