The
SpaceX company owned by Elon Musk has been in the news for achieving certain
milestones in space travel.
The
company has been in the news time and again sometimes for its success and at
times for failures. But it has consistently delivered on some of the endeavors
it undertook. Their reusable rocket which can be sent into space and be
recovered to be used again, is I feel, a milestone in space
travel. There are of course other companies and non-governmental
entities who are also into developing cheap technology for space exploration.
The space industry is destined to grow by leaps and bounds as new entrants come
into the market. The main reason for this is that much of our resources in the
future will come from outer and inner space. Man has already started exploring
some near earth asteroids.
A
recent NASA call for ideas on how to tackle the problem of moving asteroids in
space resulted in the agency receiving more than four hundred responses from
all over the world. There is no dearth of ideas out there if exploration
starts, And start it will have to, as space being the final frontier is already
on the radar of commercial private companies who want to exploit the seemingly
abundance of resources to be found in space.
Why
are more and more countries developing their own space programs? The answer is
simple. Space exploration has some glamour and prestige attached to it. A
country having its own space exploration program will always be known to have
mastered technology to a considerable level. NASA is known as the premier
organization to go to for hi-tech rocket science and space
craft. However countries like India, Israel, Japan and China are
also rapidly scaling up their programs to be in the race for exploration. The
real word that needs to be used here is ‘exploitation’. Man has realized that
the much needed raw material for our industry in the
future will have to come from space. One may say that this will take a long
time and that man just does not have the capability to get the job done given
the current level of technology. Also there is the question of money. Space
exploration is very expensive today. Raw material from space is too expensive
to use effectively today. However we are underestimating the ingenuity of man
as well as his hunger(greed?) for resources to keep the world economy moving.
If
there is an announcement by the space exploration agency of any nation that
they have definitely found (for e.g.)some deposits much needed by industry on
earth, on some nearby asteroid, there would be an immediate rush
from amongst the industry to see how it could be exploited economically. Laws,
rules and regulations regarding space mining would be framed in no time at all.
Money would be invested in developing specific technology to mine and process
the ore. It would be the Wild West all over again, only this time it will be in
space.
In
the future as I see it, this industry (space exploration) will loose all its
glamour and will be just another industry like Real Estate or Finance.
Exploiting resources in outer space will mean establishing colonies in space or
on the Moon or Mars. (recall the movie Total Recall).
Commuting to these colonies will become routine. It will be as attractive as a
commute to an off shore drilling platform today. The weekly, monthly commute or
yearly journey to and from nearby asteroids or space factories would become
routine.
Some
asteroids or space stations could be turned into holiday resorts. We already
see this happening. Today only a few billionaires on the planet can
afford a trip in space. But with time this will be cheap enough to be done
routinely. The common man will do it at least a few times in his life in the
near future. In the far future some people may see earth rarely. They may spend
most of their working life away from earth and an incentivized retirement as
well. Governments may ask people not to crowd the earth and pay extra pension
to those who choose to settle on an asteroid or a space station in their
retirement.
This industry like most
industry today will be controlled by private players. Global
integration of this industry into the world economy would be a priority for the
investors. Thus it will not take long for the space industry to loose its
glamour quotient and its exclusiveness to the humdrum of daily economic
grind.
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