I was an eight-year-old kid when I watched the first Apollo Moon Landing way back in 1969 and there was something about that moment that really stuck in my head. I'd always been interested in space and flying and I was building model rockets and model airplanes, but something about that moment, I can remember like it was yesterday watching the Apollo Lunar Lander approach the surface of the Moon and then later watching Neil Armstrong and Buzz Aldrin take the first steps on the Moon, and something that day started the dream for me that, hey, I want to be like those guys.
Leroy ChiaoThe only two countries who will be able to launch people into space will be Russia and China. I've seen the Russian technology up close and I've had a chance to look at some of the Chinese technology. It's a very high level. They have good hardware and what China lacks is operational experience. But as they gain more experience, as they fly more missions, they'll catch up quickly. The U.S. does face the possibility of losing the lead in human space flight during this period of what we call the gap.
Leroy ChiaoThe United States, Russia, and China are the only three countries in the world that can launch astronauts into space. Mostly in the U.S. you see some companies trying to launch private commercial people into space, but nobody's done it yet. The only private vehicle that's made it into space so far is Spaceship 1 in 2004, and that was an effort that was funded by one of the Microsoft founders, and he spent about $20 million to develop this spacecraft to do a sub-orbital flight. And it's not the same as going into orbit, but it was a huge first step.
Leroy ChiaoRichard Branson is probably the most visible of the private commercial space guys, and what is venture, Virgin Galactic is about is sub orbital flight. That is, you'll see a spacecraft that looks more or less like an airplane and it will fly into space, but only spend about 15 minutes. It'll go up in a parabolic arc and then fall back down, and so the customers on that flight will only get about five minutes of weightlessness. They'll get to glimpse the horizon of the Earth, take a look at it before just before they start coming back down into the atmosphere.
Leroy ChiaoThe training kicked in and we quickly went through our emergency procedures, I took manual control and I got the spacecraft under control and stopped about 50 meters from the space station. So, the net effect of the failure was that we were actually turning and speeding up towards the space station when we should have been slowing down, so it was quite a dangerous situation. But we got manual control, performed the first manual docking to the station at night. The training pays off. It was just automatic. We had our books out already, we went right to the right procedures and executed them.
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