NASA chief discusses space economy

Sep 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… economy_20070917.pdf.

Copyright 2007 by United Press International

Explore further: NASA Mars spacecraft prepare for close comet flyby

add to favorites email to friend print save as pdf

Related Stories

What the UK Space Agency can teach Australia

Jul 24, 2014

Australia has had an active civil space program since 1947 but has much to learn if it is to capture a bigger share of growing billion dollar global space industry. ...

A tree may have the answers to renewable energy

Jul 23, 2014

Through an energy conversion process that mimics that of a tree, a University of Wisconsin-Madison materials scientist is making strides in renewable energy technologies for producing hydrogen.

NASA's RapidScat to Unveil Hidden Cycles of Sea Winds

Jul 08, 2014

(Phys.org) —Ocean waves, the hot sun, sea breezes—the right combination makes a great day at the beach. A different combination makes a killer hurricane. The complex interactions of the ocean and the ...

Recommended for you

Giant crater in Russia's far north sparks mystery

3 hours ago

A vast crater discovered in a remote region of Siberia known to locals as "the end of the world" is causing a sensation in Russia, with a group of scientists being sent to investigate.

NASA Mars spacecraft prepare for close comet flyby

4 hours ago

NASA is taking steps to protect its Mars orbiters, while preserving opportunities to gather valuable scientific data, as Comet C/2013 A1 Siding Spring heads toward a close flyby of Mars on Oct. 19.

Bacteria manipulate salt to build shelters to hibernate

21 hours ago

For the first time, Spanish researchers have detected an unknown interaction between microorganisms and salt. When Escherichia coli cells are introduced into a droplet of salt water and is left to dry, b ...

How do we terraform Venus?

21 hours ago

It might be possible to terraform Venus some day, when our technology gets good enough. The challenges for Venus are totally different than for Mars. How will we need to fix Venus?

Biomarkers of the deep

22 hours ago

Tucked away in the southwest corner of Spain is a unique geological site that has fascinated astrobiologists for decades. The Iberian Pyrite Belt (IPB) in Spain's Río Tinto area is the largest known deposit ...

User comments : 0