The Future Of The Space Economy | CNBC Marathon

CNBC Marathon explores the current space economy and how new endeavors for space travel, exploration and mining are being developed.

NASA has been using the current spacesuits on the International Space Station for decades and they are showing their age. The agency has had issues not only with finding the proper sizes to fit its increasingly diverse astronaut corps, but also with degradation of some suit components. Now NASA is turning to two commercial companies: Axiom Space and Collins Aerospace, a subsidiary of Raytheon Technologies, to build and maintain its new generation of spacesuits.

The International Space Station will likely be retired within the decade. NASA hopes to save money by having commercial companies build the next space outpost. Some companies including Sierra Space and Axiom Space are already working on a commercial space station. But the question is, will these stations be ready in time?

Just a couple of years ago, it seemed that space mining was inevitable. Analysts, tech visionaries and even renowned astrophysicist Neil deGrasse Tyson predicted that space mining was going to be big business. Space mining companies like Planetary Resources and Deep Space Industries backed by the likes of Google’s Larry Page and Eric Schmidt, cropped up to take advantage of the predicted payoff. After all, the holy grail of asteroids, known as 16 Psyche, had an estimated worth of $10,000 quadrillion.

Chapters:
00:00 Introduction
00:51 NASA’s Next-Generation Spacesuits — A Behind-The-Scenes Look (Published February 2023)
16:45 What The Next Space Station May Look Like (Published August 2021)
30:05 What Happened To Space Mining? (Published October 2022)

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The Future Of The Space Economy | CNBC Marathon

[TheSirjull]

Love this long form content about space CNBC. Keep it up!!

[nitroxide]

This is good stuff… opening up new industries and markets is the fastest way to grow the economy.

[quickcinemarecap]

00:04 Trillionaire potential in space economy
02:28 NASA's spacesuits face funding and safety challenges.
07:06 NASA awards contracts for space suit design and maintenance
09:13 Advancements in spacesuit technology and design for space exploration
14:07 Space commercialization enabling new countries to participate
16:13 International Space Station's future and impact on research
20:23 Privatization of space stations and cost-saving for NASA.
22:20 Axiom plans to use SpaceX for crewed missions to the ISS and aims to build a cheaper space station
25:59 Private sector companies racing to launch commercial space stations before ISS retirement
28:04 China seems to be winning the race for a permanent presence in low Earth orbit and the moon.
32:29 Space mining is a long term endeavor with limited commercial support.
34:39 Space mining goes beyond precious metals to include valuable materials like water and helium.
38:37 Space mining company TransAstra is developing technology and securing contracts for its space missions.
40:35 Space mining technology and its potential impact on Earth
44:15 Space mining laws are unclear and vary by country
46:17 Asteroid mining poses challenges in resource identification and market impact

You Can't Judge A Video By Its Cover. you can by its first few chapters and certainly by its last.

[theshimario]

I wish someone would build a rotating space station with artificial gravity. it'd be so cool.

[ZackaryJoubert]

In what universe and in what industry does it make sense to not continue improving on your technology? Space suit designs and parts from 60 years ago?

[MrAnthonyfrench]

Part of me thinks that all these companies developing things for "space" aren't really for space but space is just an excuse to develop loads of mad stuff and some kind of economic stimulant. (comment inspired by the 3D printed space suite)
Space tech and missions are always 10 years away and never seem to get closer.

[brennanshrider]

Least political, best science news of the major channels. I'll never switch from cnbc if they stay this way

[JamesOfEarth]

Seems like this has been in the can for a while seeing as there were several quotes of what’s planned for 2022.

[harryjones]

21:30 "massive windows overlooking earth" lol

[darkskull]

Spending a billion on spacesuits and complaining they didn't have enough funding 😭😭

[goldreserve]

$1B SpaceX - self landing reusable rockets. Astronauts to ISS.
$1B NASA - new space suit (unfinished).

[Sirmellowman]

"by the time the suit deploys we will have spend 1 billion on the real problem with the program is not enough just stop.

[yashpatel]

Mining asteroids will be when we plan to use them to build things in space. Bringing them back to earth is not worth the cost. It would make more sense to use minerals and metals from outer space to manufacture products and then ship the products back to earth.

[sergiofernandez]

El pensamiento más sabio que ronda por la mente de todos hoy es invertir en diferentes flujos de ingresos que no dependan del gobierno, especialmente con la actual crisis económica en todo el mundo. Sigue siendo un buen momento para invertir en oro, plata y monedas digitales (BTC, ETH.... acciones, plata y oro)

[quartytypo]

By the time I can afford space travel, the seats will be narrow and hard in economy just like today.

[martinwashington]

Helium 3 is also very viable within fusion reactors as well, IIRC?

[PerpetualMan]

Seriously, $420, 000, 000 to design new space suit. Who is getting so rich of of this ...

[dan]

Humans wasted decades after the moon landing, since then we spent trillions blowing each other up instead of exploring the solar system and beyond.

[nicholaspayne]

I just love how the government allways cuts the space program funding while damn well knowing the benefits and economical value of the development of space technology. Any money you put into space tech triples on earth.

[kevinparkernde]

So will the new suits stop the solar radiation bombardment from creating lights inside the pilots eyes when getting close to maybe passing through the Van Allen Radiation Belts on the way to the moon ?