The 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 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 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 ChiaoThe neatest thing about research and science is we don't necessarily know what's going to come down the pike. We think we know what we're working on. Oftentimes, discoveries are made when you're trying to discover something else. You end up accidentally discovering a different thing. So, one of those things might happen that enable us to have more efficient rockets.
Leroy ChiaoTinkering is something we need to know how to do in order to keep something like the space station running. I am a tinkerer by nature.
Leroy ChiaoIf you think about the energy that a rocket engine has to put out and all the fuel and you're sitting on top of like a bomb. And on the Space Shuttle, that big orange tank is filled with liquid hydrogen and liquid oxygen, the white cell rocket boosters on the sides are filled with solid propellant. There's a lot of energy in all those chemicals there and you've got to control it in a way so it doesn't explode. So, there's a lot of plumbing, a lot of valving, a lot of control systems, and it's a very complicated thing. So, how do you bring the price of that down?
Leroy ChiaoThis was the first time we had two ex-Soviet Cosmonauts in Houston. A lot of us, including me, viewed it with some skepticism, because I grew up during the Cold War, so I had been hit with all this propaganda all along that their stuff wasn't that good, it wasn't that safe and we were so much better. What I found out later was that their space stuff was very good and good enough that I was certainly comfortable flying on their equipment. So, it was kind of a revelation of sorts as the years went by and I think it underscores the importance right now of international cooperation.
Leroy Chiao