NASA chief discusses space economy

September 17, 2007

U.S. space agency chief Michael Griffin, speaking of space and the global economy, launched a lecture series honoring the space agency's 50th anniversary.

Speaking Monday in Washington, Griffin described the critical role space exploration plays in the global economy.

"NASA opens new frontiers and creates new opportunities and because of that (NASA) is a critical driver of innovation," Griffin said. "We don't just create new jobs, we create entirely new markets and possibilities for economic growth that didn't previously exist.

"This is the emerging space economy, an economy that is transforming our lives here on Earth in ways that are not yet fully understood or appreciated," he said. "It is not an economy in space -- not yet. But space activities create products and markets that provide benefits right here on Earth, benefits that have arisen from our efforts to explore, understand, and utilize this new medium."

He noted that since the National Aeronautics and Space Administration's birth nearly a half-century ago, military and political competition in space has largely faded away, with the focus of space exploration now in the economic arena.

NASA began operations Oct. 1, 1958.

The text of Griffin's speech is available at
www.nasa.gov/pdf/189537main_mg_space_economy_20070917.pdf.>

Copyright 2007 by United Press International

Explore further: Earth sciences researcher examines string of related disasters striking Nepal

Related Stories

Will we ever colonize Mars?

June 1, 2015

Mars. It's a pretty unforgiving place. On this dry, dessicated world, the average surface temperature is -55 °C (-67 °F). And at the poles, temperatures can reach as low as -153 °C (243 °F). Much of that has to do with ...

Recommended for you

Image: Hubble sees a dying star's final moments

July 31, 2015

A dying star's final moments are captured in this image from the NASA/ESA Hubble Space Telescope. The death throes of this star may only last mere moments on a cosmological timescale, but this star's demise is still quite ...

Binary star system precisely timed with pulsar's gamma-rays

July 31, 2015

Pulsars are rapidly rotating compact remnants born in the explosions of massive stars. They can be observed through their lighthouse-like beams of radio waves and gamma-rays. Scientists at the Max Planck Institute for Gravitational ...

Earth flyby of 'space peanut' captured in new video

July 31, 2015

NASA scientists have used two giant, Earth-based radio telescopes to bounce radar signals off a passing asteroid and produce images of the peanut-shaped body as it approached close to Earth this past weekend.

Exoplanets 20/20: Looking back to the future

July 31, 2015

Geoff Marcy remembers the hair standing up on the back of his neck. Paul Butler remembers being dead tired. The two men had just made history: the first confirmation of a planet orbiting another star.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.