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: Amazon's robots: Job destroyers or dance partners?

Related Stories

Amazon's robots: Job destroyers or dance partners?

August 16, 2017

Every day is graduation day at Amazon Robotics. Here's where the more than 100,000 orange robots that glide along the floors of various Amazon warehouses are made and taught their first steps.

Recommended for you

TDRS: An era of continuous space communications

August 17, 2017

More than 50 years ago, at the dawn of human spaceflight, the first brave astronauts were only able to communicate with mission control operators on Earth for about 15 percent of each orbit. If this were true today, the International ...

Supermassive black holes feed on cosmic jellyfish

August 16, 2017

An Italian-led team of astronomers used the MUSE (Multi-Unit Spectroscopic Explorer) instrument on the Very Large Telescope (VLT) at ESO's Paranal Observatory in Chile to study how gas can be stripped from galaxies. They ...

Radio relic discovered in a low-mass merging galaxy cluster

August 16, 2017

Astronomers have detected a new single radio relic in a low-mass merging galaxy cluster known as PLCK G200.9−28.2. The finding, presented Aug. 5 in a paper published on the arXiv pre-print server, could offer some hints ...

NASA studies CubeSat mission to solve Venusian mystery

August 15, 2017

Venus looks bland and featureless in visible light, but change the filter to ultraviolet, and Earth's twin suddenly looks like a different planet. Dark and light areas stripe the sphere, indicating that something is absorbing ...

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.