yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

NASA Was about to Eat Itself — Then Private Enterprise Stepped In | Julian Guthrie


3m read
·Nov 4, 2024

Processing might take a few minutes. Refresh later.

I came to the story, this book, originally through an interview that I did with Peter Diamandis for the San Francisco Chronicle. And I asked him this seemingly simple question of how did this whole XPrize thing start. And he said, "Well, how much do you know about the private space flight prize?" And I said, "Not so much."

So he started telling me and I'm like, oh my god, that is an amazing story. So Peter, when he was reading The Spirit of St. Louis in late 1993, he's reading this book and he lands on this passage where he realizes that Lindbergh didn't fly as a stunt in 1927, but he indeed flew to win this $25,000 prize. And it was an ah-ha moment for him or for sure to take a page from the golden age of aviation when, after Lindbergh flew, it really sparked this commercial airline industry.

All of a sudden, everyday folks thought that commercial air travel was safe. So Peter thought he could use that model, that incentive prize model to spur innovation and spur breakthroughs in spaceflight. So that was really it. And the incentive prize model also has a habit of attracting kind of these off-the-grid, think-different types who wouldn't necessarily do anything that is affiliated with the government, who work in small teams, who like to innovate or tinker, or they're kind of the hackers or the makers or the tinkers of today.

So it seems to attract those types, and it has throughout history. People didn't think Lindbergh, who was 25 years old when he made this flight, and no one thought that he would be able to make that momentous flight, which after he landed in Paris made him the most famous man on earth. Throughout history, there have been the greatest innovations, which did not involve the government.

Whether it's the railroads, whether it's the personal computer, and whether it's with this space milestone that was made, you know, the government actually set Peter on this quest of his to create a private path to space because it was the magic of NASA in the 1960s that first captivated his attention and the attention of so many people, including many of the folks who I interviewed for my book. That Apollo 11 landing in July 1969 transfixed them and it set people on this path of the desire to get to space.

It was a moment in history when technological breakthroughs were really at their peak. I mean, what was achieved in eight years from the time this moon mission was announced by President Kennedy to the time man first set foot on another celestial body, it was an incredible show of ingenuity and determination and bravery really. So that was the government at its best.

And then private industry, Peter's idea, going back to this particular space prize, was that where NASA had left off, NASA had gotten very big. NASA had gotten very – programs had gotten very, very costly. The space shuttle mission was exorbitantly expensive. It was not as safe as everyone would have wished. The belief was that these small teams, these kind of maverick individuals could then step in.

And now it's interesting because NASA is Elon Musk's biggest provider, contractor. But I think that once SpaceX, once Jeff Bezos with Blue Origin, once Virgin Galactic, once these flights become much more routine, then you're going to see it moving back away from the government and more toward the private citizen, so the Peter Diamandis' of the world are actually going to get to fly...

More Articles

View All
STOP SPENDING MONEY (Major Changes To ALL Credit Cards)
What’s up Grandma! It’s guys here, so no need to worry about rising interest rates, high inflation, heated consumer spending, or Microsoft’s new AI exposing personal information out of vengeance. Because instead, the latest threat to our economy is said t…
Baby Bison Takes on Wolf and Wins | America's National Parks
Yellowstone is the only place in the US where bison have lived continuously since prehistoric times. Their relentless search for better grazing grounds means crossing rivers like the Lamar. Crossings are no big deal for the grown-ups but a daunting busine…
Battle Over Bathrooms | Gender Revolution With Katie Couric (Bonus Scene)
NARRATOR: There’s a new battleground in this gender revolution—bathrooms. And nowhere is that battle more heated than in public schools. Now, even the Supreme Court is set to weigh in on the case of Gavin Grimm, a transgender student in Virginia, who’s fi…
Startup Experts Share Their Investor Horror Stories
Raising money is a game that you sort of have to figure out. Oftentimes, these meetings can go terribly awry. The worst sort of investor meeting is one that makes you question why you’re even doing a company anymore. Today, we’re talking about our worst i…
Interpreting determinants in terms of area | Matrices | Precalculus | Khan Academy
So, I have a two by two matrix here, and we could view it as having two column vectors. The first column can define this vector (3, 1), which I’ve depicted in blue here. Then, that second column you can view it as telling us that we have another vector (1…
National Geographic Takes on New York Fashion Week | Fit for a Queen | NYFW
[Applause] Queens is a project about female leadership, not only in front of the camera but behind the camera, telling a story about nature in a new way. And there couldn’t be a better time in history right now to be getting that message across. The titl…