Proceedings of Meetings and Symposia>Conference Session:  Tyson, Nye, Krauss, Gay, Phil (19 October 2011 ), TAM 2011 Panel: Our Future In Space, James Randi Foundation, Las Vegas, Retrieved on 2011-10-29
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  • Folksonomies: space space exploration astronomy funding experts panel discussion


    29 OCT 2011

     Government Maps the Terrain for Private Enterprise

    There is fundamentally no business case for private enterprise to advance a space frontier. When you advance a frontier, you are making mistakes that the capital markets choose not to value. You have to create patents to enable things that you don't know will work. Anytime you are the first person to do something on that scale, the history of human civilization has demonstrated that the only funding available to do that via governance. And so what then happens is the patents get issued. The ...
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    Neil deGrasse Tyson explains how government explores and maps out the terrain before private enterprise comes along behind after the costs and risks have been determined.