The current market cost for a space flight, about a week in space and about six people have gone with the Russians so far to the International Space Station; it costs about $30 to $35 million. So, it's not for the faint of heart. But our own market studies that we've commissioned as well as some public market studies all indicate that there are somewhere around 20 or so individuals every year who have both the means and the interest to do this. So, the market is definitely out there.
Leroy ChiaoQian Xuesen, the father of the Chinese Space Program, studied in the United States, and he was a protégé of Theodore Von Carmen's at Cal Tech and helped start the jet propulsion laboratory there, and then he got caught up in the anti-communism wave and was accused of being a spy and was actually deported back to China where he built from nothing, their entire missile and space program. So, in a way, in a very real way, the United States in trying to protect so-called protect our secrets and throwing this guy out of the country, we helped seed and start the Chinese missile program.
Leroy ChiaoThe current market cost for a space flight, about a week in space and about six people have gone with the Russians so far to the International Space Station; it costs about $30 to $35 million. So, it's not for the faint of heart. But our own market studies that we've commissioned as well as some public market studies all indicate that there are somewhere around 20 or so individuals every year who have both the means and the interest to do this. So, the market is definitely out there.
Leroy ChiaoMy mistakes made were learning how to work with different groups of people. I mean, I went to school at Berkeley, which is a pretty diverse group, but working in a professional setting, I hadn't really done that before and learning about office politics, learning about interactions between different people and I made a lot of mistakes there during my time as a young person. I was 19 or 20 at the time. So, I would say those were my biggest career mistakes, but fortunately they were made in the context of an engineering co-op program and not in a professional field.
Leroy ChiaoMy running ambition is to keep doing it until I'm way past the point where I have any business running. Just to keep doing it throughout my whole life—to stay fit and feel good.
Leroy ChiaoIf you increase the number of rockets you build and you buy, then it's the scale of the economy, the price is going to come down. It may not come down in order of magnitude, but if several commercial ventures start being successful and there becomes a bigger market for these rockets, the price will naturally come down a bit. That's why I think Excalibur Almaz, we're a little bit unique in that we don't look at our so-called competition with disdain, we want them to succeed and it needs to have more than one player. Even if we are successful, we couldn't handle the entire market ourselves.
Leroy Chiao