Private Industry Is The Future Of Space Exploration Summary

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In the article “Private Industry Is the Future of Space Exploration” by Andrew L. Peek argues that the private space industry will lead humanity’s advancement into new reaches of space exploration. Peek says that the private sector people will take losses for years and for the chance to succeed beyond imagination. The only problem is that human launch capability is not that intrinsically valuable a service. He claims that NASA is nearly obsolete while corporation such as SpaceX plans on putting people on Mars. To Peek, this clearly represents that individuals should look to private industries for developments in space travel. With an asteroid that could contain over $200 trillion worth of metals. The first nation that can import and tax the raw materials could experience an economic boom. So if the private property could be offered rights for the resources they extract, the rights would be a mainstay of economic development, projects that are guaranteed to have a long term reward. In addition, Peek equally agrees with the U.S. making a promise to space entrepreneurs saying that if they pay U.S. taxes, follow environmental regulations, and share their technology with the government, the government will defend their claim diplomatically …show more content…

In the article Conathan argues that exploration of the world’s oceans deserves more attention and funding than space exploration. The oceans still contain much to discover and learn from, he believes, estimating that scientists still have not discovered more than 90 percent of the species that inhabit earth’s oceans. “The ocean also provides humans with half of the oxygen we breathe, a wealth of mineral resources... and marine biotechnology.” Just with a few of the things that the oceans provides humans with is a reason why it should be further

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