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An introduction to THE SPACE INDUSTRY. MIT Rocket Team Boston Museum of Science 5 February 2011. Racing to Space. Current US Space Policy. Space shuttle designed in the 70’s, didn’t live up to its promise of regular spaceflight President Bush scheduled it for retirement in 2010
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An introduction to THE SPACE INDUSTRY MIT Rocket Team Boston Museum of Science 5 February 2011
Current US Space Policy • Space shuttle designed in the 70’s, didn’t live up to its promise of regular spaceflight • President Bush scheduled it for retirement in 2010 • Constellation Program was poorly conceived and vastly underfunded • As a result, it was 5 years behind schedule 5 years after it started
NASA’s Annual Budget • How much of your tax dollars goes to fund NASA?
NASA’s Annual Budget • Only 0.53 cents of every tax dollar goes to NASA!
A Paradigm Shift • The shift to let commercial companies take over responsibility to Low-Earth Orbit is similar to other exploration efforts • Columbus and the development of the Americas • Lewis and Clark and the exploration of the West • The airline and mail industries • Maybe one day, you will go to space!