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: Protecting the rights of the digital workforce in the 'gig' economy

Related Stories

NASA Goddard technology helps fight forest pests

July 31, 2015

Northeastern forests in the United States cover more than 165 million acres, an area almost as big as Texas. Soon, millions of pine and ash trees in those forests could be wiped out, thanks in part to two types of voracious ...

Recommended for you

Dawn spacecraft sends sharper scenes from Ceres

August 25, 2015

The closest-yet views of Ceres, delivered by NASA's Dawn spacecraft, show the small world's features in unprecedented detail, including Ceres' tall, conical mountain; crater formation features and narrow, braided fractures.

Interstellar seeds could create oases of life

August 27, 2015

We only have one example of a planet with life: Earth. But within the next generation, it should become possible to detect signs of life on planets orbiting distant stars. If we find alien life, new questions will arise. ...

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.